Good afternoon everyone,
Important breaking news in the New York Times: Fed Chief Signals End to Rate Cuts, To help brace the economy, the Fed in late April dropped its key rate to 2 percent, a nearly four-year low, but hinted that could be the last reduction for a while. Mr. Bernanke drove that point home again on Tuesday stating…
“For now policy seems well positioned to promote moderate growth and price stability over time,”
