What Is the Role of the Federal Reserve?
The Federal Reserve extended a $30 billion credit line to help JP Morgan Chase buy out investment giant Bear Stearns over the weekend. On Tuesday, the Fed meets to decide whether to lower a key interest rate.
Vincent Reinhart, former Director of the Federal Reserve Board's Division of Monetary Affairs, discusses the dramatic measures and takes listeners' questions about the role of the Fed.
Copyright 2023 NPR. To see more, visit https://www.npr.org.