Friday, March 07, 2008
There's been a survey in the sidebar for a little while now about an intermeeting rate cut and it was about to be taken down until Dallas Fed President Richard Fisher showed up on Bloomberg just a little while ago. Here are the results to date:
The next FOMC meeting is on March 18th and the current tally stands at more than two-to-one in favor of another "emergency rate cut". That sounded like a good bet two weeks ago, but not so much in the last ten days - that is, until yesterday.
The headline for the Bloomberg interview read:
And, of course, there's a story on the same subject. Since they're talking about an intermeeting rate cut at all now (well, the plunging stock market may be somehow involved), it seemed like a good idea to leave the survey up for a while longer - it's even been moved up on the right sidebar for easier access.
Here's the Bloomberg interview:
Geez, I don't know about you, but just watching this gave me the willies - something about it being important that the Fed keep a level head under emergency circumstances, after which the interviewer said, "Really? Are we in an emergency right now?"
Sorry, but if you've already voted, you can't vote again unless you access the survey from a different computer.
Hmmm... maybe not. I just voted again and it accepted my vote. Apparently you can vote again if sufficient time has elapsed between your votes.