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Fed Should not Hold Economy Hostage, Says Kohn, Signals Further Rate Cuts
Wednesday, 28 November 2007 17:32:25 GMT
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• The Fed “should not hold the economy hostage to teach a lesson to financial market speculators”, Fed's vice Chairman’s Kohn said today to the Council on Foreign Relations in New York.
• U.S. stock market rallies on expectations the Federal Reserve will cut the Fed Funds rate in December
• Despite the recent optimism in the stock market, credit conditions in the U.S. money market remain very tight
Click here to join DailyFX Analysts in discussing the Watch What the Fed Watches latest report.
Written by Antonio Sousa and David Rodríguez for DailyFX.com
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