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100 bps?!

Lake Hills RenterLake Hills Renter
edited March 2008 in The Economy
U.S. faces severe recession: NBER's Feldstein
The Federal Open Market Committee meets on Tuesday to consider its next step on interest rates. Financial markets currently look for a rate cut of 75 basis points, to 2.25 percent, with a moderate chance rates will be slashed 100 basis points.

The 75bps cut last time was the largest ever, correct? Now they're talking about doing it again, or even more, and on an already dramatically weak dollar.

But everything is ok, we're fine. Nothing to see here.

Comments

  • deejayohdeejayoh
    But Paulson is talking up the dollar this morning - which would seem to point to not lowering the discount rate more. http://www.reuters.com/article/topNews/ ... 3720080313

    of course, he is also saying that the economy is fundamentally strong - so perhaps he's just delusional.

    Let's check out what BB has to say on twitter!
    http://twitter.com/benbernanke
    We have a strong dollar policy. We have a strong dollar policy. Like Wal-mart employees at 7am, at the Fed we chant this every morning.
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