FOMC Raises Federal Funds Rate 25 Basis Points to 1.50%

CNBC | August 10, 2004

[RWR8189]

In the second tightening of US monetary policy since May of 2000, Alan Greenspan and the Federal Open Market Committee (FOMC) raised the Federal Funds Rate target 25 basis points to 1.50%, as expected.

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[POA2]

Someone like Kerry should be 15-20 points down - he is a weak candidate, a weak man, from an ultra liberal state, trying to become president at a time when this nation faces its greatest peril, 3000+ dead in our own homeland.

Exactly - It is starting to dawn on some people within the GOP (those stone-faced types that say there is NO WAY GWB can lose) -

Well, at a recent GWB meeting here in MI (last Thursday) I seen two of these type people finally "blink" shall we say - They know there is something amiss out there - That perhaps the GWB camp sitting back and doing NOTHING from OCT 2003 until March of 2004 was about as dumb a strategy as there ever could be!! -

GWB allowing the false premise to be set on the Economy is killing him - and the lack of any coherent systematic policy to get the premise back is hurting him even worse -

Not addressing the Nation once this year to set the premise straight on Iraq and the economy is about as dumb as anything his reelection team has or hasn't done -

[KQQL]

she is in far east, exporting AMERICAN Jobs.

[RWR8189]

The announcement is always made at 1:15 CT.

[upchuck]

You nailed it oceanview. (See comment #49) This is why it's so important for President Bush to be reelected. We need conservative judges on the SCOTUS. Hopefully there's still time to turn the ship around. If not, we are surely headed for ruin. There are times I'm very glad I'm not 25 yrs old.

[monkeyshine]

The mainstream news media has deteriorated to such a point that now they just throw random theories up against the wall to see if anything sticks

I disagree. I think they just say anything, because they have to say something that is their job, so they just say whatever comes to mind that suits their political beliefs.

[Mr. Jeeves]

Not addressing the Nation once this year to set the premise straight on Iraq and the economy is about as dumb as anything his reelection team has or hasn't done -

Yeah, that I don't understand. Media bias was almost as bad during the Reagan years, but Reagan just talked right over their heads. Bush can do the same thing any time he wants, but so far he has chosen not to. He's the President. If he wants the American people - all of the American people - to get the straight story on Iraq or anything else, all he has to do is schedule a prime-time press conference and get it done. And tell any network that if they dare refuse to broadcast it that they won't get one interview with anyone else in the Administration - ever.

Maybe (subliminally?) he just hates Washington and wants to go home to Crawford.

[Remember_Salamis]

"Economy can't be doing that bad for the rates to be raised."

-- Exactly. When employment and wages go up, so do inflation tendencies. This is a good thing...