Emergency FOMC meeting

Discussion in 'Economics' started by pitz, Mar 3, 2008.

  1. pitz


  2. Dogfish


    "...portion of the closed meeting of the Board of Governors of the Federal Reserve System <B>at 11:30 a.m. on Monday, March 3, 2008,</B> will be held under expedited procedures..."

    "Matters to be Considered:
    1. <B>Review and determination by the Board of Governors of the advance and discount rates</B> to be charged by Federal Reserve Banks. "

    Discount rate cut would be interesting
  3. zzzzzzzzzzzzzz
  4. Anyone notice that this is a FRB meeting, and not an FOMC meeting?
  5. None of the news services seem to be mentioning this meeting. I think an emergency rate cut can be done using a phone meeting of the FOMC.
  6. No need for a panic,it's nothing out of the ordinary - Fed sources
  7. Not true, it's a regularly scheduled meeting. I believe CNBC actually is getting this right. I realize that is a shocker, but true.
  8. Just a wiff of a rte cut has sent crude up to $103.47, up $1.61
  9. The Venezuelean sitaution is driving oil. Tanks on the colombian border, wild threats by a crazy marxist thug, etc. We could see shooting anytime and US intervention.
    #10     Mar 3, 2008