Tuesday, December 16, 2008

How low can Bennie Bernanke go?

BBC:
US interest rate-setters, led by Federal Reserve chairman Ben Bernanke, are expected to cut rates from the current level of 1% on Tuesday.

They are expected to lower it at 1415 EDT (1915 GMT) to 0.5% or even 0.25%.
As they run out of room for further cuts, the policymakers may give details of what other tools they plan to use.
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1 comment:

airJackie said...

Bennie has to get advise from his Professor because he's clueless. Now he's not smart enoght to steal like Greenspan. Bennie will settle for his kick back money to lie as best he can to the public. Even the banks overseas don't listen to Bennie. They even laugh at Hank.