Comments on The November 6th FOMC Meeting.Business Editors BOSTON--(BUSINESS WIRE)--Nov. 6, 2001 By Brian Bruce Brian Bruce Date of birth: October 31, 1967 Place of birth: Philadelphia, PA Teams 1989 New York Giants 1990-1993 Philadelphia (PA) Marauders 1994-1999 Arlington (TX) Panthers 2000-2001 Texas Storm College Career Director of Global Investments PanAgora Asset Management "A 50 basis point rate cut is too much, too late. The Fed has overreacted to public pressure and recent weak economic news and gone too far with this interest rate cut. By cutting 50 basis points at this time, The Fed has left little wiggle room wiggle room n. Flexibility, as of options or interpretation: ambiguous wording that left some wiggle room for further negotiation. Noun 1. to stimulate stimulate /stim·u·late/ (stim´u-lat) to excite functional activity. stim·u·late v. To arouse a body or a responsive structure to increased functional activity. the economy in the future." (Brian Bruce can be reached directly for additional comment at 617.439.6613) |
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