You are currently browsing the Armchair Economist weblog archives for the day March 19, 2008.
- General post (802)
- April 3, 2008: Armchair Economist gets a much-needed update
- April 3, 2008: Ghost of Herbert Hoover
- April 3, 2008: Are you smarter than a high-schooler?
- April 3, 2008: Katrina hero: Wal-Mart
- April 2, 2008: No Child Left Behind
- April 2, 2008: The poverty hype
- April 2, 2008: Oil profits
- April 2, 2008: Don's response
- April 2, 2008: Oil refinements
- April 1, 2008: My profile
Archive for March 19, 2008
Fed risks doing too much
March 19, 2008 by Tom Armstrong.
So the US Federal Reserve cut by 75 basis points rather than 100 basis points: when the numbers are big enough, a small difference between them can seem unimportant. But with rates down to 2.25 per cent, every 25bp makes a significant difference to the Fed’s brave but perilous monetary policy.
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Inflation Dissent
March 19, 2008 by Tom Armstrong.
The Federal Reserve’s three-quarter-point rate cut yesterday was less than some forecasters had predicted, but it was more than some at the central bank were comfortable with. Two of the 10 voting members of the Federal Open Market Committee opposed the cut, preferring “less aggressive action,” according to the Fed statement.
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No surprise
March 19, 2008 by Tom Armstrong.
Spitzer call girl had already “gone wild.”
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