The European Central Bank has cut its key interest rate by a quarter percentage point to a record low of 0.75% to boost a eurozone economy weighed down by the continent's crisis over too much government debt.
The Federal Reserve acted Wednesday to lift an economy that's being held back by a weakened job market, extending a program designed to spur borrowing and spending through lower long-term interest rates.
As Ben Bernanke pulled a trick from the 1960s Fed handbook to twist down long-term interest rates, experts are mixed on how it will affect the U.S. economy. Wall Street certainly reacted negatively to the news. The Dow fell more than 280 points.