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Bush pushes calm as Fed injects liquidity amid credit crisis
President Bush sought to reassure investors after the Fed poured 3.75 billion into the system to steady markets amid a spreading credit crunch. Treasury Secretary Paulson urged patience while warning about subprime defaults and foreclosures as the Dow fell. The Fed also cut its discount rate to 5.75 percent.
MENTIONED IN THIS ARTICLE
Bush
Fed
Washington
D.C
Federal Reserve
Wall Street
Montebello
Quebec
Canada
U.S
Treasury
Henry Paulson
Paulson
CNBC
Senate Banking Committee
Christopher Dodd
Ben Bernanke
Dodd
Connecticut
Bernanke
Jeffrey Lacker
Federal Reserve Bank of Richmond
Doda