Does Ben’s comment really mean that the fund rate will be lowered?

[donaldduckmoore]

I extracted this sentence from a recent news at Bloomberg, “Fed Chairman Ben S. Bernanke said Aug. 31 that the central bank will “act as needed to limit the adverse effects on the broader economy” from the tighter access to credit.”

Did Ben really mention he will lower the fund rate? Why are all those so-called economists and investors keep saying the FED will do what “THEY” want to lower the fund rate? The message is “Ben, you need to listen to us (the investors), when we say going south, you should never say going north.” Do we really have any regulators here in this country? This is ridiculous!

[cr]

The FEDs job is inflation and employment.

Frankly I don’t see how lowering rates will correlate directly to job growth, but it will be interesting on the 19th to see what FED does.

They lower rates they increase inflation. They keep them, the market will have a panic attack and sell off huge.

[temeculaguy]

Since the fed can’t win here, look for middle ground, something like a 25 basis point cut and some vague comments about maybe more later and maybe not.

[stansd]

Agree…25bps cut in the offing. I think helicopter Ben doesn’t actually want to lower rates, but given the state of the market and market expectations, there will be chaos if he doesn’t. His recent speeches would have set the market up for dissapointment if he wasn’t going to act.

Stan

[LookoutBelow]

It really doesnt matter what the hell he does….He may only "delay" the inevitable……His asshole (previous) boss went over board for so long with cheap credit, that it got TOTALLY out of control….Ben cant do dick about it now and he knows it

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