To: Ingtar
A 1% cut gives them, I believe, only 2.5% more to work with. Hardly. Even with a 1% cut the Fed is still way behind. And Bernanke has already shown that there are other ways to improve liquidity without lowering interest rates.
49 posted on
03/18/2008 4:00:42 AM PDT by
Moonman62
(The issue of whether cheap labor makes America great should have been settled by the Civil War.)
To: Moonman62
The current rate is 3%... A 1% gives them 2%, unless they wish to give money away.
58 posted on
03/18/2008 6:18:32 AM PDT by
Ingtar
(Haley Barbour 2012, Because he has experience in Disaster Recovery. - ejonesie22)
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