The Short View: FOMC statement (FT.com)
FT.com - Ben Bernanke’s Federal Reserve is supposedly more transparent than the Fed of Alan Greenspan. And, we were led to believe, the era of rate cuts that began amid last August’s credit crisis would end with Wedneday’s rate cut, which brought the Fed Funds rate down to 2 per cent. (It peaked at 5.25 per cent).
Original post by FT.com