The Microsoft Media player is required to listen to sound files used on the site. Transcripts on this website are created by an independent transcription service. The ABC does not warrant the accuracy of the transcripts. ABC Online users are advised to listen to the audio provided on this page to verify the accuracy of the transcripts. Click here for today's full program.
Urgent moves are underway to stave off recession in the United States.
Interest rates have been cut by half a per cent, making the third reduction this year. In announcing the rate cut, the US Central Bank, the Federal Reserve signalled further cuts may be needed to revitalise the economy. Well the half a per cent cut in US interest rates has given the struggling Aussie dollar a boost. Our dollar has pushed back above the US 50 cent mark. Up around a fifth of a cent on yesterday s close.