Fed Officials Worried About Recession...

Fed Officials Worried About Recession -- Energy and Resource In...

There are 4 comments on the Chicago Tribune story from Apr 8, 2008, titled Fed Officials Worried About Recession -- Energy and Resource In.... In it, Chicago Tribune reports that:

Worries about a deep recession -- not a shallow one -- drove Federal Reserve policymakers to slash a key interest rate last month, meeting minutes show.

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popijw39

Peoria, IL

#1 Apr 8, 2008
These guys {all Phds} have no cloe as to average USA citizen faces everyday with discrestionary income being eaten up ,food costs have been going up for a yr. 20%+ utilities all are Up,reminds me of 1974 when Nixon froze prices[nothing had gone up before August} then EVERY BODY RAISED PRICES ON WHOLESALE LEVEL ..Prime rate went thru the roof.Pay back for supporters To continue will break the middle class for sure!! Thanks George!
PJ Hoff

Franklin Park, IL

#2 Apr 8, 2008
Why would they be worried about it? They intentionall caused it just like the one in 1929.
themadtrader

Greenwood, IN

#3 Apr 8, 2008
Maybe there wouldn't be a necessity to drastically reduce rates now if the Fed hadn't just finished drastically increasing them. Somebody needs to explain cause and effect to them.
Kris

Las Vegas, NV

#4 Apr 8, 2008
"For the first time, Bernanke last week acknowledged that a recession is possible." Possible? Everyone I have talked to all feel we are in a recession. Is he living in the same country that the rest of us are living in?

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