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asd

Furtune Magazine editor calls for holding the rates at 4,25%. I personally agree with him:)

"So what is the right course for the Fed? Bernanke should hold the Fed funds rate exactly where it is now, at 4.25%."

http://money.cnn.com/2008/01/18/news/economy/cure.fortune/index.htm?postversion=2008012107

Ellen

One hopes Benanke and the Fed act tomorrow and get off the fence.

It is all very well to say that the Fed should hold the course, but as I write Hong Kong is down another 6% after yesterday's 5%.

Of course, we've all heard about steadfast and tough capitalism, but what happens if the loss of confidence continues...... at what point is perhaps 'Steady as she goes Benanke' a foolish course.

Methinks, Benanke like so many academics, suffers from analysis paralysis (as BIG's featuring of the RBC ad so aptly illustrates.)

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