January 30, 2008

Fed Cuts Rate by Half-Point; 2nd Reduction in 8 Days

Posted in Articles, Fiscal Policy, Monetary Policy at 4:02 pm by davidprudente

The Federal Reserve acted again today to stem recessionary pressure on the U.S. economy. As we’ve been discussing in class, The Fed can use monetary policy quickly to affect change in the economy. However, what about Fiscal Policy? Today, President Bush urged The Senate to approve the fiscal stimulus package that congress has approved. How long will it take for fiscal policy to affect change in the economy?

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: