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The Federal Reserve has reduced a key interest rate for the second time in just over a week, cutting its federal funds rate by a half point to 3 percent. What does this mean for the consumer?
Callers share their questions and concerns about the country's precarious economic situation. Economic experts discuss how the Fed's actions affect credit card debt, mortgages and the dollar abroad.
Guests:
Russell Roberts, professor of economics at George Mason University
Elizabeth Razzi, real estate columnist for The Washington Post
Robert Shiller, author of Irrational Exuberance and professor of economics at Yale University
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