U.S cuts interest rates
The U.S Federal Reserve has cut interest rates again in an attempt to keep the economy from falling into a recession.
It is the central banks second cut in official interest rates in nine days.
The Federal Reserve has lowered interest rates to 3% from 3.5%.
President George W Bush said, "There's signs that our economy is slowing. There's some uncertainty in the economy,"
"But in the long run you've got to be confident about your economy. Inflation is down, interest rates are low, productivity is high, our economy's flexible, it is resilient," he added.
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