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Fed Watch: Just the Timing Is In Doubt

October 8, 2008

Tim Duy submits:

On Monday,  I opined on the Fed’s hesitation to cut rates when such a call should be a slam dunk. Why not step forward with the intermeeting cut?

Could the Fed possibly have given up hope on rate cuts, and instead intend to focus on other policy measures? Fed Chairman Ben Bernanke yesterday made clear that given the deterioration in the real economy, a rate cut was on the table:

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Fed Watch: Just the Timing Is In Doubt

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