Quote:
Originally Posted by sck5
fed drops rates by three quarters of a percent. THEY sure think there is a major problem in the markets. Lets hope they can deal with it (though it would be rash to bet on it)
|
Let's see, The Fed has lowered its benchmark overnight rate six times and the discount rate eight times since the middle of August.
Obviously they are running scared, yet according to Chuckles, everything is just fine and The Fed must be mistaken yet again. Score yet another point for Mr. Credibility.