Inflation Dissent

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.

This entry was posted on March 19, 2008 at 11:40 am and is filed under General post. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response or trackback from your own site.