The Federal Reserve said Monday it will begin paying interest on commercial banks' reserves and will expand its loan program to squeezed banks by billions of dollars, fresh steps to help ease a painful credit crisis. But should the Fed do more? Some suggest an emergency rate cut is needed. What do you think? Take our poll:
Related Links:
- Fed to Pay Interest on Banks' Reserves, Expand Loans
- Fed Planning Credit Default Swap Marketplace
- Financial Contagion Spreads in Europe