Re: more Fed comments

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Posted by warren mosler (65.113.90.26) on 15:29:53 10/31/07

In Reply to: Re: more Fed comments posted by Ed Rombach

I think they were scared to not accomodate mkt exectations of a cut but didn't want to be in that position again which they tried to take care of with the statement.

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: :My point is that Fed cuts are currently driven by 'market functioning'
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: ////////////////////////////////
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: Do you think that 3-month TED spread at 109bp qualifies for the market functioning as the Fed would like to see it?

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Subject:	Re: more Fed comments
Comments:	: I think they were scared to not accomodate mkt exectations of a cut but didn't want to be in that position again which they tried to take care of with the statement. : : : : : : :My point is that Fed cuts are currently driven by 'market functioning' : : : : //////////////////////////////// : : : : Do you think that 3-month TED spread at 109bp qualifies for the market functioning as the Fed would like to see it? :
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