Steven Douglas Maloney

Posts Tagged ‘Financial Crisis’

I’m not an economist, but I believe I have heard repeatedly that the reason the Federal Reserve was reluctant to do an emergency rate cut at this point was because rates were so low, if they cut them anymore, they won’t be able to use it as a tool later because there will be nothing left to cut.  Now comes news today that the Fed Unanimously voted to cut the interest rate from 2 to 1.5%.  In terms of “solving” the financial crisis, it seems to me that we are running out of bullets.  Anyone else feel the same way?