Fed Considers Rate Cut as Recession Fears Mount

Discussion in 'Wall St. News' started by THE-BEAKER, Oct 2, 2008.

  1. Oh well

    zero percent interest rates here we come.

    but its definitely not like japan.

    yeh rightooooooooooooooooo.

    Federal Reserve officials are weighing further interest-rate cuts, even if Congress passes a $700 billion rescue plan, in the face of a deteriorating economic outlook and severely strained financial conditions.

    The Fed's willingness to consider additional cuts marks a turnaround from the past few months, when soaring food and energy prices turned its attention to inflation risks. At a regular September meeting, after oil prices had receded, officials still declined to move the central bank's federal-funds target rate from 2%.

    A reduction in rates is still far from certain, in part because of inflation worries. But in just the past ...