Fed unlikely to take a big ax to rates
Fed unlikely to take a big ax to rates
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Bernanke & Co. have many reasons to stop at a quarter-point -- for instance, the economy's not in the tank. Despite a bad job report, jitters on Wall Street and a housing slump that could cause a recession in states such as California, Federal Reserve Chairman Ben S. Bernanke and a number of Fed policymakers appear deeply reluctant to try to jolt the economy by aggressively cutting the central bank's key short-term interest rate. |
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News entry number 2255 added on Sep 18, 2007 in the Business News category.
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