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General Category => General Discussion => Topic started by: Americanhero1 on October 29, 2008, 10:34:55 AM

Title: Fed expected to cut key rate in bid to prevent deep recession
Post by: Americanhero1 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

Title: Re: Fed expected to cut key rate in bid to prevent deep recession
Post by: briann 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.

Title: Re: Fed expected to cut key rate in bid to prevent deep recession
Post by: 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!!!!!!!!!!!

Title: Re: Fed expected to cut key rate in bid to prevent deep recession
Post by: briann 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.