TheNewsRoom | Bernanke faces first great test

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Bernanke faces first great test

September 17, 2007

A quarter-point cut in the Federal Funds rate and a half-point cut in the discount rate are widely expected, but no one knows for certain how policymakers will respond to signs of slowing growth amid signs of inflation may be heating up.SPEAKER: Diane Swonk, chief economist, Mesirow Financial.Conway G. Gittens reports from New York.