FXstreet.com - Is this the Fed or what? 1.25% in rate cuts in less than 2 weeks is what I would call panic! Now it definitely looks as if Mr. Bernanke was a hedge fund trader itself and not a central banker. He is not inspiring the markets any confidence, and with these knee-jerk actions it will not stop the current spiral of economic downturn. The USD is going to suffer from these decision, although it may not be a long-lasting move.
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