StreetSweeper

Bernanke's Bold Move: Shades of Greenspan - WSJ

Ben still chose to cut the rates whereas Alan fears emerging inflationary signs. Were the cuts bold? Certainly. Would Greenspan have done the same...I think not. Bernenke's choice smacks of outside pressures rather than the conservative, rational approach he was advocating only a few weeks ago. Perhaps a .25% cut to appease the financial sector, but .50%?! Somebody rattled some cages to get a unanimous decision from the Fed to cut so drastically. But who?