We have updated our Terms of Use.
Please read our new Privacy Statement before continuing.

Reaction function

17 August 2007 By Edward Hadas

The US central bank cut the littleused discount rate by 50 basis points. It hopes to unblock credit markets but not add moral hazard. Markets rejoiced initially at the news, as if to welcome a Bernanke put . But the Fed s signals are much more mixed.

This content is for Subscribers only

 

Email a friend

Please complete the form below.

Required fields *

*
*
*

(Separate multiple email addresses with commas)