Tuesday, January 8, 2008

Three Fed banks sought deeper Dec discount rate cut (Reuters)



President Bush speaks after a meeting with the President's Working Group on Financial Markets in the White House, January 4, 2008. Seated beside Bush from left are Treasury Secretary Henry Paulson, Chairman of the Federal Reserve Ben Bernanke and Chairman of the White House Council of Economic Advisers Ed Lazear. REUTERS/Kevin LamarqueReuters - Three regional Federal Reserve banks
sought a half-percentage-point cut in the discount rate ahead
of December's Fed policy meeting, minutes of the Fed Board's
discount rate meetings showed on Tuesday.




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