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Tuesday, September 16, 2008

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Fed decides to hold rates steady

NYSE trader

The Federal Reserve stumped experts today when it kept interest rates at their current level. After all that's been happening, the safe money was on an interest rate cut. Marketplace's John Dimsdale talks with Kai Ryssdal about the surprising decision.

A trader works on the floor of the New York Stock Exchange as the Federal Open Market Committee announced it will hold the federal funds rate at 2 percent, despite the recent turmoil among investment banks on Wall Street. (Spencer Platt/Getty Images)

More on The Economy, Wall Street, America's Financial Crisis

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