Paulson calls Fed emergency rate cut "constructive"

WASHINGTON (Reuters) - Treasury Secretary Henry Paulson said on Tuesday that the Federal Reserve's emergency interest rate cut was constructive and should help boost confidence amid volatile world financial markets.

"This is very constructive and I think it shows this country and the rest of the world that our central bank is nimble and can move quickly in response to market conditions," Paulson said.

The Fed slashed benchmark U.S. interest rates by a hefty three-quarters of a percentage point on Tuesday in an effort to support a weak U.S. economy.

(Editing by Tom Hals)