Bush Vows to Help Economy ; Clarifies His Statement On Federal Intervention

Summary


President Bush yesterday said that despite his warnings against too much federal intervention in the economy, the government might take more steps to avert economic collapse if events warrant it.

"If there needs to be further action, we'll take it, in a way that does not damage the long-term health of our economy," Mr. Bush said during a speech in Jacksonville, Fla.

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Bush Vows to Help Economy ; Clarifies His Statement On Federal Intervention

The Federal Reserve yesterday cut a key interest rate, the federal funding rate, by three-quarters of a point, the latest move by th...

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