Ubuntu chief decries interest rate cut
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Fed Chairman Ben Bernanke shouldn't have pressed the "morphine button" Tuesday, Canonical CEO Mark Shuttleworth argues.
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Business & money: Hungarian-born financier issues stark warning about British economy in face of Fed rate cut
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Business & money: Larry Elliott on whether the Bank of England should cut interest rates or wait another month
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CHARLESTON, West Virginia  - The struggling economy may need more interest rate cuts to avoid a recession, Richmond Federal Reserve Bank President Jeffrey Lacker said on Tuesday.
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GOLDEN VALLEY, Minnesota  - The Federal Reserve's interest rate cuts are appropriate to restore stability in financial markets and prevent damage to the broader economy, Minneapolis Fed President Gary Stern said on Tuesday.
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Will making the biggest cut to a key interest rate in nearly 20 years steady US and global markets?
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Business & money: Long-time Bank of England dove David Blanchflower wanted sharper half-point interest rates cut
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Thailandâs central bank cut its benchmark interest rate for the fifth consecutive time this year to spur an economy blighted by slumping consumer confidence after last yearâs coup. The Bank of Thailand reduced its one-day bond repurchase rate to 3.25 percent from 3.5 percent. Lower interest rates may help the baht retreat from a 10-year high against the dollar, making exporters more competitive. âConsumption and investment remain weak,â said Usara Wilaipich, an economist at Standard Chartered Bank in Bangkok. âInflation is not a concern now because a slump in spending has curbed price increases.â
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Rise in inflation lower than expected, suggesting Bank of England will have room to cut interest rates
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Investor's Business Daily - Dallas Fed President Richard Fisher said last Tue.&#39;s surprise 50-basis- point cut in the fed funds rate should help the U.S. economy grow faster than it was before the decision. &quot;There was room to cut, the question was by how much. We decided by 50 basis points . . . that was to provide a little more oomph to economic growth,&quot; he said. Markets had expected a quarter-point cut. Fisher said future rate moves could go in either direction.
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Former Federal Reserve Chairman Alan Greenspan said his successors at the U.S. central bank should be cautious about cutting interest rates because of inflation risks, and he forecast home prices will drop further, according to interviews published on Sunday.
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The US Federal Reserve cuts interest rates from 4.75% to 4.5% to help kickstart housing and credit markets.
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The Federal Reserveâs decision to cut interest rates by three-quarters of a percentage point should offer some comfort to consumers, with limits.
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The Bank of England's Monetary Policy Committee cuts interest rates to 5.25% from 5.5%.
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Business & money: West's leading thinktank urges Federal Reserve to cut interest rates as housing market crisis deepens.
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The British Chambers of Commerce calls for an interest rate cut, amid signs of an economic slowdown in the UK.
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Bloomberg - Feb. 17 (Bloomberg) -- Republican presidential candidate John McCain said Federal Reserve Chairman Ben S. Bernanke should have been quicker to cut interest rates to try to avert a recession.