Wednesday, September 21, 2005

Why did the Fed Raise Rates?

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Kannafoot thinks that by raising the short-term rate a quarter point that the Fed may be encouraging a recession. He also has some fighting words for Andre Mitchell's hubby:

Greenspan's tenure cannot end soon enough. Let's hope that his successor is capable of learning from history. Let's hope his successor is able to factor in the cost of energy when formulating economic policy. These self-induced recessions are avoidable with proper management. That is something that's been sorely lacking throughout Greenspan's reign.

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