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Pastimes : FED TALK
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To: Roman York who wrote (57)2/10/2001 1:01:57 PM
From: Jeff Jordan  Read Replies (1) of 94
 
Interest Rates, Inflation and the Federal Reserve
For the first time in two years, the Fed has cut interest rates. The rate reductions should have a ripple effect on many kinds of loans - including mortgages - that are of great interest to consumers.

Federal Reserve Chairman Alan Greenspan has used interest rates to guide the "new economy," but has he gone too far in raising rates? Economic growth has slowed dramatically, the major stock indices are all down for the year and President-Elect Bush is saying that a recession is on the horizon.

Will Greenspan endorse Bush's tax cut? Is the economy heading for recession, and if so, is it the Fed's fault?

http://forums.nytimes.com/webin/WebX?13@@.f0acb82

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