Fed Keeps Key Short-Term Rate at 1 Percent

Emboldened Chimp

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Tue May-04-04 01:26 PM
Original message

Fed Keeps Key Short-Term Rate at 1 Percent

No link yet...at the top of NY Times page...

http://www.nytimes.com/

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gulfcoastliberal

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Tue May-04-04 01:34 PM
Response to Original message

1. Greenspin Can't Go Fucking Up

Interest rates before an election like he did to poppy. The whore needs to hold them down as a campaign contribution to smirky*.

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On the Road

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Tue May-04-04 01:51 PM
Response to Reply #1

2. Greenspan May NOT Go Up This Year, But Then

inflation will heat up even more. And long-term interest rates will start to get out of synch with the fed rate. There's only so much the Fed can do.

This is a typical stagflation quandary caused by a rise in oil and other basic commodities.

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Shrek

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Tue May-04-04 02:10 PM
Response to Original message

3. Here's a story link from MarketWatch

Fed holds rates steady

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Media_Lies_Daily

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Tue May-04-04 02:11 PM
Response to Original message

4. ...until after the 2004 elections.

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Yavin4

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Tue May-04-04 03:37 PM
Response to Reply #4

5. BINGO!!! GREENSPAN ISTHE BIGGEST REASON WHY

Bush is getting the numbers that he'e getting. Greenspan has pursued an abnormally low interest rate policy throughout Bush's term. This from the man that kept raising rates again and again during Clinton's tenure because of inflation.

Yet, inflation today is raging out of control. Look at fuel costs. Look at milk costs. Look at housing costs. Look at bread costs. Look at meat costs. Everything is getting more and more expensive, but where's the rate hike.

Gotta get the monkey elected this fall.

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okieinpain

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Tue May-04-04 05:33 PM
Response to Reply #5

6. I thought the economy was running full steam ahead. why is

Edited on Tue May-04-04 05:34 PM by okieinpain

greenpants keeping the rates low. I thought you only did that if the economy was weak, and needed help.

edited to correct word choice.

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