Pages

Saturday, October 06, 2007

What happened in August and Sept

This is one Fed governor's view of what happened in August and why the Fed cut by 50 bps.
Higher than anticipated draws on bank credit lines made banks less likely to led to new borrowers.

Kohn is still worried about inflation.


FRB: Speech--Kohn, Economic Outlook--October 5, 2007

No comments: