Column: Fed rate cut in line with prior moves

01/28/2008 | Bloomberg

Bloomberg columnist Kevin Hassett says he thinks the Federal Reserve, despite criticism to the contrary, made the right move when it cut interest rates by three-quarters of a point in a surprise move last week. Hassett explores past moves by the central bank and concludes: "One can even say with confidence that Feds of the past would, faced with today's data, almost surely have acted in a similar manner."

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