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Strategies & Market Trends : Can you beat 50% per month?

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To: Smiling Bob who wrote (11580)8/23/2007 6:01:54 PM
From: Smiling Bob  Read Replies (1) of 19256
 
DJ Ford CEO Mulally Wants Federal Reserve To Stimulate Econ -FT

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DOW JONES NEWSWIRES


Ford Motor Co. (F) CEO Alan Mulally has joined those calling for the Federal Reserve to stimulate the economy, saying the housing crisis and credit turmoil have turned economic growth into a "priority," the Financial Times reported Thursday.

Appeaning to endorse a federal funds rate cut, Mulally said economic and credit conditions are a "big headwind" to his plan to turn around the carmaker, which lost $12.65 billion last year, according to the report.

Mulally said the widening market crisis has shifted focus from inflation to economic growth, according to the Financial Times.

"It is a really important job to manage inflation and economic growth (but) focusing on economic growth appears to be a really important priority right now," he said, after he was asked if he backed a call by Chrysler Chief Executive Bab Nardelli for a rate cut.


Newspaper Web site: ft.com


(END) Dow Jones Newswires

August 23, 2007 18:00 ET (22:00 GMT)

Copyright (c) 2007 Dow Jones & Company, Inc.- - 06 00 PM EDT 08-23-07
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