http://www.msnbc.msn.com/id/20838970/Tuesday’s aggressive interest rate cuts by the Federal Reserve were intended to calm the financial markets and help give a boost to a sagging U.S. economy battered by an ongoing recession in the housing industry.
It will take months — or longer — to know if the decision was the right one. In the meantime, the Fed still faces risks no matter what move it makes next.
“God bless the greatest central bank in the world,” said Jon Evans, chief executive of Atlantic Central Bankers Bank, which serves community banks in five states. “This is great news for the economy and the consumer.”
I hope they quote Jon Evans when something goes wrong, he's definately entertaining.
