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Pastimes : Clown-Free Zone... sorry, no clowns allowed
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To: Box-By-The-Riviera™ who wrote (342961)9/7/2007 2:18:05 PM
From: Broken_Clock  Read Replies (1) of 436258
 
lol! Think madonna. Think "True Colors". -g-
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From: Mike Johnston 9/7/2007 1:59:41 PM
of 86017


Frank Urges `Meaningful' Fed Rate Cut After Job Loss (Update2)

By Alison Vekshin

Sept. 7 (Bloomberg) -- Representative Barney Frank, the Massachusetts Democrat who heads a congressional committee that oversees the Federal Reserve, called on policy makers to cut interest rates after employers reduced payrolls in August.

``A strong response is required -- specifically, a meaningful interest-rate cut,'' Frank, chairman of the House Financial Services Committee, said in an e-mailed statement. ``The deeply troubling August employment report should end any debate about the action that the Federal Reserve Board must take when the Open Market Committee meets on Sept. 18.''
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