Us Rate Cut Likely As Markets Rocked by Jobs Slide
Scotland on Sunday › September 10, 2007
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Summary
BEN Bernanke, the chairman of the Federal Reserve, is expected to reverse his previous hardline policy and slash interest rates in a bid to prevent the US plunging into recession.
Markets tumbled on Friday on the back of a surprise decline in the number of US jobs, providing new evidence that the world's largest economy is slowly grinding to a halt.See the full content of this document
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Us Rate Cut Likely As Markets Rocked by Jobs Slide
Just 10 days ago Bernanke insisted he would not cut interest rates to bail out reckless lend...
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