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Fed rate cut

Discussion in 'Money Talk$' started by TomVols, Jan 26, 2008.

  1. TomVols

    TomVols New Member

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    Do you think this weeks 75bp cut by the Fed Reserve will help stimulate the economy? What do you think of this decision?
     
  2. Andy T.

    Andy T. New Member

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    I read an article in World magazine how this dramatic drop in rates is almost unprecedented. Usually, the Fed will only drop rates this much in times of crisis - e.g., shortly after 9/11. The article warned that such a drastic drop could lead to out of control inflation. Interesting. I'm not an economist, but it appears that 90% of economic forecasting is a crap shoot anyways. But that's just the cynic in me.
     
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