Powder Blue Report

News, finance, politics, sports, and fun from the west coast

Wednesday, January 30, 2008

Fed Cuts The Interest Rate Again

The Federal Reserve cut the federal funds rate another 50 basis points a few mintes ago. We're now down to 3% on the fed funds & discount rate. All the strong dollar talk out of Secretary Paulson and the Fed is complete bulls**t. They are trying to inflate their way out of this crisis. It's not working and it won't work. You can't repeal the law of economics. Will the last person fighting inflation at the Fed please turn the light off when you leave. Thanks


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