Visit TNTalk's column >>

TNTALKHome Page

Reality is more than what is seen.
Add To Watchlist
Articles Posted: 43; Links Seeded: 45
Member Since: 1/2008

Fed takes late action to cut money costs

Read ArticleArticle Source: The Federal Reserve Bank
advertisement

"The Federal Open Market Committee has decided to lower its target for the federal funds rate... The Committee took this action in view of a weakening of the economic outlook and increasing downside risks to growth... incoming information indicates a deepening of the housing contraction as well as some softening in labor markets."

"...it will be necessary to continue to monitor inflation developments carefully."

Appreciable downside risks to growth remain. The Committee will continue to assess the effects of financial and other developments on economic prospects and will act in a timely manner as needed to address those risks.

Published to:

What's this?
Who's leading the conversation?
This visualization below allows you to see the impact that each user has on the current conversation. The top row contains the group of users who have had the most impact, the 2nd row the group of users who have had the 2nd most impact (et cetera). Users with similar impact are grouped together, and the average score of the group is shown to the left of the group. The author of the article is also shown on the left, in their corresponding group. Each user's score is based on the number of comments the user has made plus the number of votes their comments have received. The scores are calculated relative one another, so while their absolute value is not particularly important, their relative difference does indicate a larger difference in impact on the conversation.
1.2
{"commentId":1389593,"authorDomain":"TNTalk"}

This link is to the real Fed statement, not a news article.

This action means little or nothing in the scheme of things. This is simply a formal move to acknowledge positive action toward lending the U.S. government money. The Fed would have you believe that this action really matters to the U.S. economy.

{"commentId":1389593,"threadId":"206934","contentId":"1246575","authorDomain":"TNTalk"}
    Reply#1 - Tue Jan 22, 2008 2:30 PM EST
    {"commentId":1390684,"authorDomain":"ottawahitech"}
    othDeleted
    {"commentId":1390850,"authorDomain":"TNTalk"}

    Willie is a man of his own mind and a corporate profits man to the end. No discounts for them. Add it to their tab until next week. :) Fred was busy writing one of his white papers. ;)

    {"commentId":1390850,"threadId":"206934","contentId":"1246575","authorDomain":"TNTalk"}
    • 1 vote
    Reply#3 - Tue Jan 22, 2008 8:40 PM EST
    {"canLink":false,"threadId":"206934","isPrivate":false}
    Leave a Comment:
    You're in Easy Mode. If you prefer, you can use XHTML Mode instead.
    As a new user, you may notice a few temporary content restrictions. Click here for more info.
    {"threadId":"206934","contentId":"1246575"}
    Start TrackingStart Tracking
    Stop TrackingStop Tracking