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Politics : Formerly About Advanced Micro Devices
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To: tejek who wrote (367323)1/18/2008 2:08:45 PM
From: Jim McMannis  Read Replies (1) of 1574258
 
RE:"Its his mess too. He's been on the FOMC board since 2002. What I am frustrated at is his inability to move. He seems frozen even as he says what he thinks should be done. He's the Chair of the FOMC......pulleeeze......make it happen!"

Fixing it the way it needs to be fixed would cause too much political pain. Congress wants him to fix it by doing the same thing that caused it lower rates. He knows bertter. That's why he is hesitant. He'll cave and hope it buffers the blow. Look for a .5 cut.
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