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Ben Bernanke

Aug 5, 2008

Federal Reserve holds key rate at 2 percent

The Federal Reserve, caught between mounting job losses and rising inflation, held key interest rates steady today hoping it will be enough to heal a sick economy.

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Lance Winslow

Canyon, CA

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#1
Aug 5, 2008
 
Good call by the Fed: good for weaker dollar, good for inflation, good for higher oil prices, good for Wall Street to borrow to cover bad debt,...
john k

United States

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#2
Aug 6, 2008
 

Judged:

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good for weaker dollar? good for inflation? good for higher inflation? good for banks? good for banks. demand destruction in oil should start killing inflation. no need for a rate increase for now. dollar gained on euro. they can't hike. i see the euro tanking against the dollar. exports, especially grains will benefit, along with shippers. what do you think?
TOM REGAN

Coraopolis, PA

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#3
Aug 7, 2008
 
...say, what about us working folks...I need some relief on my mortage rate...just maybe 1% ...
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