Surprise: "Dollar caps worst week in 24 years"
The dollar rebounded on Friday but still recorded its biggest weekly slide since 1985 as the Federal Reserve's plans to buy long-term government debt stoked fear about the erosion of the U.S. currency.
The Fed shocked financial markets this week when it said it would buy some $1 trillion of government and mortgage-backed debt in a bid to cut interest rates and kick-start lending. . . . . .
Labels: Economics, exchangerates
1 Comments:
This is ridiculous. Interest rates are *not* too high. There's no need to lower them further.
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