Will the Fed ease money further even if it increases inflation?
*Bloomberg, by Elizabeth Stanton, November 30, 2007:
"Federal Reserve Chairman Ben S. Bernanke spurred speculation the
central bank will cut its benchmark rate by half a percentage point at
its December meeting after saying yesterday that policy makers must
decide whether ``renewed turbulence'' in financial markets has shifted
the risks between growth and inflation.
'It is telling you that it's likely to cut pretty aggressively over the next six months,' said Jason Trennert, chief investment strategist at Strategas Research Partners in New York."
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