In December 2000, while some worried over the outcome of the presidential election, the Federal Reserve was more worried about the apparently slowing economy. In this interview from Jim Lehrer's NewsHour, read about the Fed's concerns over the economy as a result of falling consumer confidence, shortfalls in sales and earnings, and stress on financial markets.

Additional Tags

2001 recession, 2001 american economy, pbs, economic security

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Classroom Considerations

• Knovation Readability Score: 3 (1 low difficulty, 5 high difficulty)