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

Wimped out again

11 December 2007 By Martin Hutchinson

Stocks slumped on the 0.25% cut, as they had hoped for more. The cut will have little effect on the real problem, which is toxic waste on balance sheets. But it risks fueling inflation. Rather than continuing to appease Wall Street, the Fed needs to find its inner Paul Volcker.

This content is for Subscribers only


Email a friend

Please complete the form below.

Required fields *


(Separate multiple email addresses with commas)