Bernanke; Fes ready to cut interest rates again

[hometowngrl53]

Bernanke: Fed ready to cut interest rates again
Fed chief says
“We stand ready to take substantive additional action as needed to support growth and to provide adequate insurance against downside risks,” said Federal Reserve Board Chairman Ben Bernanke





updated 18 minutes ago
WASHINGTON - Any confusion as to whether the Federal Reserve plans to cut rates further to help a struggling economy may have been cleared up today

read here http://www.msnbc.msn.com/id/22592939/

[thohome]

Sounds great.. I hope that it helps people that want to buy or refinance a home and it helps thoughs that are indanger of losing their homes

[flippinout]

It sounds good, real good, but its not going to be the answer to the overall problem. Better paying jobs with more hours would help.

A reduction in the prices of everything else might also help.

Plus more honesty in borrowing and lending will also help.