Thursday, October 30, 2008

Half-Point Cut by Fed; Is Bernanke Done? - The Home Front (usnews.com)

Half-Point Cut by Fed; Is Bernanke Done? - The Home Front (usnews.com): "I'll put it to you this way: We've seen some thawing in credit markets—the interbank lending markets—and if that continues that will be a very good sign and this will probably be the [last rate cut]. If we don't see signs of [credit improvement] between now and the December meeting, then I think the Fed will cut another 50 basis points—because the numbers that are going to come in between now and then on the economy are going to look pretty ugly."

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