While the wild crowd call it "Woodstock for Central Bankers", others get festivities off on a sour note, referring to it as "Understanding Inflation and the Implications for Monetary Policy". Regardless of what your invitation to this party reads, it starts today, Monday June 9th on the 50th anniversary of The Phillips Curve, a previously discredited forecasting tool which may be revived by Ben Bernanke at The Federal Reserve.
posted on Jun 9, 2008 - View this thread

On Tuesday, the Federal Reserve cut interest rates by 0.5%. Wall Street aggressively demanded the cut to stop the sub-prime mortgage contagion from triggering a credit crisis among large US and foreign investment banks and the collapse of their over-leveraged hedge funds, which ultimately threatened to drag the US economy into recession. The market rallied this week in response to the Fed's move. But there is no free lunch.
posted on Sep 20, 2007 - View this thread

The Fed surprises everyone with a 50-basis-point interest rate cut. (That's half a percent in lay terms.) The annoucement came out of nowhere, and the markets have gone nuts on the news: Dow up 4%, Nasdaq up 9%. But is this good news overall? I don't think it is; I think it means Alan Greenspan has data on the state of the economy that shows it's worse than everyone believes.
posted on Apr 18, 2001 - View this thread