Wednesday, Dec 12, 2007
Fed slashes rates, but not as much as hoped
BBC News: US rates reduced for third time
The US Federal Reserve has cut interest rates from 4.5% to 4.25% in a bid to help the world's largest economy through a housing and credit woes. The committee judges that some inflation risks remain, and it will continue to monitor inflation developments carefully. - Yes, it will monitor inflation carefully to ensure it is being fiddled as much as possible!
Posted by drewster @ 12:16 AM (183 views) Add Comment
1 Comment
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1. planning4acrash said...
What are they hoping for? 0%? minus 50%? How far has our appetite for debt become?! The US interest rate policy looks like a swerving car with massiver over-steering that really ought to smash through the central reservation. Anybody for a bit of stability instead?