CNN REPORTS: Fed Chairman hinting at interest-rate cut

Wall Street: Thanks, Bernanke

Comments from Fed Chairman hinting at interest-rate cut at next meeting spark broad buying on Wall Street.

November 30 2007: 10:16 AM EST

NEW YORK (CNNMoney.com) -- Stocks jumped Friday morning after Fed chairman Ben Bernanke hinted that the central bank is likely to cut interest rates at the next policy meeting, reassuring investors worried about the ongoing turmoil in financial markets.

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