Fed Chair Ben Bernanke Prepared to Cut Interest Rates if Necessary
August 22, 2007 by Miranda Marquit
Filed under Finance
Will the Fed cut interest rates? That is the question on many minds right now, and one that could affect you in your quest to build wealth. Inman News is reporting that the Fed may cut interest rates:
Expectations that the Federal Reserve will cut the federal funds rate this year rose Tuesday after Sen. Chris Dodd said Fed Chairman Ben Bernanke is “prepared to use all the available tools at his disposal” to keep money flowing to mortgage lenders.
And what does this mean in terms of your life? Well, if the Fed does cut interest rates (and some think this …read more




