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Author Topic: Fed expected to cut key rate in bid to prevent deep recession  (Read 482 times)

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Offline Americanhero1

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Fed expected to cut key rate in bid to prevent deep recession
« on: October 29, 2008, 10:34:55 AM »
WASHINGTON – Federal Reserve policymakers are expected to slash a key interest rate by a half-point, pushing the federal funds rate down to 1 percent, as they wrap up a two-day meeting Wednesday.

http://news.yahoo.com/s/ap/20081029/ap_on_bi_ge/fed_interest_rates
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Offline briann

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Re: Fed expected to cut key rate in bid to prevent deep recession
« Reply #1 on: October 29, 2008, 10:38:01 AM »
All I care about is that the market doesnt collapse in the next week.  Heck... Bernarke can cut it again on Monday for all I care.... and then after the election... bring it back up.

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Offline judeanoncapta

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Re: Fed expected to cut key rate in bid to prevent deep recession
« Reply #2 on: October 29, 2008, 10:46:33 AM »
It is Fed control and manipulation of interest rates that causes the Business cycle to be warped and it causes long periods of prosperity and then huge crashes.

Abolish the Fed!!!!!!!!!!!
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Offline briann

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Re: Fed expected to cut key rate in bid to prevent deep recession
« Reply #3 on: October 29, 2008, 11:35:17 AM »
Quote from: judeanoncapta on October 29, 2008, 10:46:33 AM
It is Fed control and manipulation of interest rates that causes the Business cycle to be warped and it causes long periods of prosperity and then huge crashes.

Abolish the Fed!!!!!!!!!!!

You sound like a Ron Paul Supporter.
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