McCain, Obama Welcome Fed’s Interest Rate Cut

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McCain statement: “I applaud the move…. It is imperative at this moment that government be responsive to the needs of Americans….” Read it here.

Obama statement: “I hope this response continues…. But it is clear that more urgent and vigorous action is necessary to stem this crisis….” Read it here.

Response to the Fed trimming an emergency interest rate by half a point, joining overseas central banks in an unprecedented coordinated move.

The Dow Jones is down again Wednesday.

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