Posted by Chris Shoemaker in The Market on August 17th, 2007 at 12:14 PM
Good news! The Fed has stepped in and lower Discount Rate to %5.75 this morning. Even though this won't lower mortgage interest rates or misc. consumer interest rates today is presumed that next month the Federal Funds rate could be lowered the same 1/2 percent. It's good to see the Feds step in and address the problem. The US economy is - except the oil business - not in such great shape. It's about time we see the federal government wake up and smell the coffee!! Aren't you tired of hearing how great things are?
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