The Federal Reserve Cuts!

Many people out there in the world including our leading economists believe the Fed will cut the key interest rate again on Wednesday.  The Federal Reserve, which began this year dealing with the severe credit problems and economic problems.  This may be the finale time the Fed will cut the interest rate for awhile.  Everyone things the Fed will cut by a quarter-point.  Fed Chairman Ben Bernanke and buddies started their second day of talks on Wednesday.  Now, if the Fed does cut the rate this would be the seventh time since the central bank began battling the credit problems and the likley hood of a recession.  All this has been done in a really short time.  We’ll have to wait to this afternoon to see what really goes down!

Tags: Bernanke, Economists, Federal Reserve, The Fed