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Fed Joins New Effort To Ease Financial Woes

The Federal Reserve joined other major central banks Wednesday in a coordinated effort to shore up the global financial system. The move comes at a time when credit is becoming tighter, especially in Europe, because of doubts about the health of big banks.

Copyright 2011 NPR

Jim Zarroli is an NPR correspondent based in New York. He covers economics and business news.
Steve Inskeep is a host of NPR's Morning Edition, as well as NPR's morning news podcast Up First.