[lbo-talk] Fed cuts by 1/2 point

joanna 123hop at comcast.net
Tue Sep 18 23:21:18 PDT 2007


Doug Henwood wrote:


>[I'd thought they might be stingy and go for a quarter, but they went
>for the full half. Now it gets interesting: what effect will this
>have, and what kind of noises will the Fed make in the coming weeks?]
>
><http://www.federalreserve.gov/newsevents/press/monetary/20070918a.htm>
>
>
>
I think they had to do it because when the shitstorm hits, nobody can say that they didn't do enough.

And I don't think it will make much difference.

Joanna



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