You are hereFED cuts rates -0.5% to 3.0%
FED cuts rates -0.5% to 3.0%
2008-01-30 08:26am EST (13:35 GMT)
Federal Reserve cut its benchmark funds rate by 50 basis points. From 3.5% to 3.0%
Die einen auf dem Aktienmarkt sagen, dass ein Schritt von 0,50 Prozentpunkten ein Signal der Hilflosigkeit wäre und die Vertrauenskrise nur noch vertiefen würde.
Andere auf dem Markt meinen, dass die erwarteten 50 Basispunkte schon in den Börsenbewegungen eingepreist seien - käme die Senkung von 0,50 Prozentpunkten nicht, dann könnte es mit den Börsen weiter bergab gehen.
Charles Dumas von The Lombard Street bleibt gegenüber Dow Jones davon überzeugt, dass eine Leitzinssenkung völlig wirkungslos ist. Sein Argument: Haushalte oder Unternehmen könnten keine zusätzliche Verschuldung mehr verkraften. Das sei nur noch dem Staat möglich, und staatliche Ausgabenprogramme seien ja schon so gut wie beschlossen.
http://orf.at/080129-21110/index.html
Statement From The Federal Open Market Committee
The Federal Open Market Committee decided today to lower its target for the federal funds rate 50 basis points to 3%.
Financial markets remain under considerable stress, and credit has tightened further for some businesses and households. Moreover, recent information indicates a deepening of the housing contraction as well as some softening in labor markets.
The Committee expects inflation to moderate in coming quarters, but it will be necessary to continue to monitor inflation developments carefully.
Todays policy action, combined with those taken earlier, should help to promote moderate growth over time and to mitigate the risks to economic activity. However, downside risks to growth remain. The Committee will continue to assess the effects of financial and other developments on economic prospects and will act in a timely manner as needed to address those risks.
Voting for the FOMC monetary policy action were: Ben S. Bernanke, Chairman; Timothy F. Geithner, Vice Chairman; Donald L. Kohn; Randall S. Kroszner; Frederic S. Mishkin; Sandra Pianalto; Charles I. Plosser; Gary H. Stern; and Kevin M. Warsh. Voting against was Richard W. Fisher, who preferred no change in the target for the federal funds rate at this meeting.
In a related action, the Board of Governors unanimously approved a 50-basis-point decrease in the discount rate to 3-1/2% . In taking this action, the Board approved the requests submitted by the Boards of Directors of the Federal Reserve Banks of Boston, New York, Philadelphia, Cleveland, Atlanta, Chicago, St. Louis, Kansas City, and San Francisco.
