Published on Fake Ben - The Secret Diary of Ben Bernanke (http://www.fakeben.com)
Dissent At The Fed
By FakeBen
Created 04/09/2008 - 12:23

The biggest financial crisis in a generation — a downturn that officials at the Federal Reserve acknowledged in minutes released Tuesday might be “prolonged and severe” — is turning the traditionally reserved and omniscient central bank into an institution that seems to be in the throes of family therapy...

Minutes released on Tuesday of the Fed’s March 18 policy meeting revealed strenuous disagreements among top central bankers, with 2 of the 10 officials present voting against the decision to lower interest rates by three-quarters of a point.

http://www.nytimes.com/2008/04/09/business/09fomc.html?ref=business [1]


Source URL: http://www.fakeben.com/node/176

Links:
[1] http://www.nytimes.com/2008/04/09/business/09fomc.html?ref=business