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US cuts rates to one per cent
15:47:59, 30 October 2008, Radio Australia News
The US Federal Reserve has cut interest rates by half a percentage point, joining a new round of global cuts started by China as policy-makers try to soften the world's economic downturn.
![US President George Bush, pictured here with Indonesian President Susilo Bambang Yudhoyono, is hosting the G20 leaders in Washington with the global financial crisis top of the agenda. [Reuters]](http://www.radioaustralia.net.au/img/news/gallery/indo_susilobush_rtr_151108.jpg "US President George Bush, pictured here with Indonesian President Susilo Bambang Yudhoyono, is hosting the G20 leaders in Washington with the global financial crisis top of the agenda. [Reuters]")
![War veterans gather at the Cenotaph in central London for Remembrance Day. [Reuters]](http://www.radioaustralia.net.au/img/news/gallery/remembrance_rtr_111108.jpg "War veterans gather at the Cenotaph in central London for Remembrance Day. [Reuters]")
![The Malaysia High Court has ruled that the home minister had acted outside his powers charging Raja Petra Kamaruddin under the ISA. [AFP]](http://www.radioaustralia.net.au/img/news/gallery/malay_kamaruddin_afp_1008.jpg "The Malaysia High Court has ruled that the home minister had acted outside his powers charging Raja Petra Kamaruddin under the ISA. [AFP]")
![President Ma (R) has hosted China envoy Chen Yunlin (L) in Taipei, a Taiwanese leader's highest level face-to-face meeting since 1949. [AFP]](http://www.radioaustralia.net.au/img/news/gallery/taiwan_ma_chen_afp_1108.jpg "President Ma (R) has hosted China envoy Chen Yunlin (L) in Taipei, a Taiwanese leader's highest level face-to-face meeting since 1949. [AFP]")
![The new king of Bhutan, Jigme Khesar Namgyel Wangchuck, receives gifts from well-wishers moments after his coronation. [AFP]](http://www.radioaustralia.net.au/img/news/gallery/bhutan_king_afp_1108.jpg "The new king of Bhutan, Jigme Khesar Namgyel Wangchuck, receives gifts from well-wishers moments after his coronation. [AFP]")
!["Because of what we did on this day, in this election, at this defining moment, change has come to America," says President-Elect Barack Obama. [Reuters]](http://www.radioaustralia.net.au/img/news/gallery/us_obama_rtr_051108.jpg "\"Because of what we did on this day, in this election, at this defining moment, change has come to America,\" says President-Elect Barack Obama. [Reuters]")
