Central bank gives Wall Street the half-percentage point cut investors expected, also trims discount rate:
NEW YORK (CNNMoney.com) — The Federal Reserve cut a key short-term interest rate by a half-percentage point Wednesday, its second significant cut in just over a week, as the central bank tries to combat the growing risk of a U.S. recession.
The […]
From The Paulunteer Mailbox
Thanks to Ernest for the tip.
“Mr. Paul was dead-on with his prediction that the Fed was blowing a new bubble and that it would burst violently.”
I love that the reporter has to explicitly state below that he does not actively support Paul because otherwise this looks like an outright endorsement.
December 11, 2007 2:24 pm EST
Average Americans pay the price for the Federal Reserve’s inflationary policies
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