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Pbs News Hour: Economy Booster Shot

Curated by ACT

In a surprise move, the Fed cut short-term interest rates in January 2001. After more than 2 years of the Fed raising interest rates to control an enthusiastic economy, the Fed cited lower consumer confidence, tight financial markets, and the high price of energy as reasons for this reversal.

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Additional Tags
2001 recession, consumer confidence, economic recession, investor confidence, short-term interest rates, 2001 american economy, american economy, pbs, economic recession in the us, economic security
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Classroom Considerations
  • Knovation Readability Score: 3 (1 low difficulty, 5 high difficulty)