Worldwide interest rate cuts on the way? The race begins as to which Nation can lower their interest rates the quickest to mask inflation!
Fed May Need to Dip Into Toolbox Further as Congress Scrambles!
Manna from Bernanke
Sept. 30 (Bloomberg) — The Federal Reserve may need to consider dipping further into its toolbox as Congress tries to revive legislation aimed at rescuing banks.
One of the main remaining options for Fed Chairman Ben S. Bernanke to cushion the economy and shore up confidence in financial markets is cutting the benchmark interest rate, according to economists. A reduction could be coordinated with other central banks, they said.
http://www.bloomberg.com/apps/news?pid=20601110&sid=aWt_BBW6ddl0
