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Odessa American in Odessa, Texas

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This newspaper page contains 2 articles. Subscribers can read the full text of each article.

Newspaper

Odessa American

Location

Odessa, Texas, United States of America

Date

Jun 28, 2001

Page

4

Fed may be losing clout to more economy

After six rate cuts the Federal Reserve and Alan Greenspan face a lagging impact on growth. Some observers say the Fed’s leverage faded as long term rates move with markets, while others credit Greenspan and the central bank with influence over the dollar and stock markets amid globalized finance.

Washington Federal Reserve Fed Alan Greenspan U.S Martin Mayer Brookings Institution Lawrence Chimerine Radnor Consulting Philadelphia Chimerine Greenspan David Wyss Standard & Poor’s New York

Fed lowers rate a quarter point amid sixth cut this year

The Federal Reserve trimmed a key rate by 25 basis points on Wednesday, marking the sixth reduction of the year. Commercial banks move to cut their prime rate effective Thursday as officials say the process takes time to work.

Federal Reserve Fed Mayer Greenspan Federal Funds

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