Federal Rate Cuts Plateau at 2.00%
Posted by livininsanity on June 26, 2008
After continually falling from 5.25% in September of last year, the Federal Reserve finally seems to be content with the status of the current 2.00% interest rate. The non-cut was expected, so it comes as no surprise.
“Experts” believe the federal reserve and Ben Bernanke will not make any changes through the rest of 2008. They expect the earliest changes to occur in early 2009. However, we seem to be living in a volatile time with regard to oil and gas prices, war in Iraq, inconsistent blog traffic, silly Presidential characters, script critiquers that suggest dumbing down a script, recessions and other shenanigans. So, it may be hard to predict the future of what Federal Reserve Chairman Ben Bernanke will do.
Afterall, a script critiquer recently wrote “I don’t mean to ‘dumb’ it down entirely.” Oh, thank the Lord. (Not that I believe in a Lord per se, but it’s the best saying I could think of that fits the most.) Although, there is that Lord named Bush, who loves him some Texas Tea – black gold that is… y’all come back now, here. It’s a good thing entirely dumbing it down was not the intent – although it may have been the outcome in the mold of some Presidents, er, yes, I can’t wait until January 2009. Maybe by then, I’ll have forgotten about the critiquer who suggested dumbing down the script, in some form, if not entirely.
Fedcut OUT!
