Fed Joins New Effort To Ease Financial Woes

NPR | By Jim Zarroli,

Steve Inskeep

Published November 30, 2011 at 10:16 AM EST

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.

Jim Zarroli

Jim Zarroli is an NPR correspondent based in New York. He covers economics and business news.

See stories by Jim Zarroli

Steve Inskeep

Steve Inskeep is a host of NPR's Morning Edition and Up First.

See stories by Steve Inskeep

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