Federal Reserve looks at interest rates

Federal Reserve looks at interest rates

That’s strange, if the AP-GFK poll shown 72% Americans are feeling confident to the new black Marxist president-elect Barack Hussein Obama’s economic handling, WHY the stock market is sinking down to the toilet everyday ? Are you feeling like a King trying on his new clothes to parade through the street — titular but nude ? Republicans predict the 2009 Marxist Obama administration, Dow Jones Industrial Average will between 6,000 points.
Actually we like to tell the Federal Reserve Chairman Ben Bernanke, no need to play like an elevator to play up-and-down to lower the interest-rate again, you lower the interest-rate ONLY will affect the commercial bank’s decreasing capitals from CD account customers and make the banks have no money to loan and less profit earning, more layoffs.
The 2012 DAN QUAYLE and his fellow Republican leaderships are working hard to rebuild the Republican Party’s government-credibility since the TV news media and the pollers have been damaging Republican Party so bad during the 2008 General Election.

We’re in the money, we’re in the money...
:confused:
Fed, in major shift, floods system with cash
Wed., Nov. 26, 2008 • With short-term rates nearing zero, 'Helicopter Ben' tries new approach

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This week’s move by the Treasury and Federal Reserve to inject another $800 billion into the financial system opens yet another chapter in the government’s continually evolving response to the financial crisis. But the announcement reflects a policy that has been evolving behind the scenes at the Federal Reserve for months with little fanfare. Add one more acronym to the alphabet soup of financial rescue programs: zero interest rate policy, or ZIRP. But ZIRP is not just another bailout program.

ZIRP represents a major shift in the Fed’s monetary policy, which typically involves managing lending rates and adding or draining cash to the banking system. But the central bank is running out of room to lower interest rates, and banks are hoarding much of the fresh cash they have received from the Treasury. So the Fed is bypassing the banking system and pumping money directly into the financial system to try to revive economic growth.

So far it is hard to tell whether it is working. A fresh ream of reports out Wednesday was not encouraging. Consumers cut spending by 1 percent during October, faster than at any time since the terrorist attacks of Sept. 11, 2001, according to one report. A separate survey showed that consumer confidence fell this month to a 28-year low.

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