By Art Smith. Posted Saturday, Mar 29, 2008 at 9:39 pm Filed Under: Economy, Federal Reserve, International Markets, Markets
Let Friday, early news about a plan to broadly expand the power of the Federal Reserve was released. Evidently the plan will be formally announced in a speech by Treasury Secretary Paulson.
I’m a bit out of breath.
McGehee was the first I saw to make mention that something like this was seriously in the works. He [...]
By Art Smith. Posted Tuesday, Jan 22, 2008 at 8:05 am Filed Under: 2008 Presidential Election, Business, Current Events, Economy, Federal Reserve, International Markets, Markets, Recession, US Politics
Wow, the Federal Reserve has reacted dramatically to the global markets spinning out of control. According to KCCI TV’s web site this morning, the Fed lowered the federal funds rate to 3.5%:
In a statement on its Web site, the Federal Reserve took the action in view of a weakening of the economic outlook and increasing [...]
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