The Fed announced a new cut in rates to help economy

The Federal Reserve chairman, Ben Bernanke, says that to meet state prerecessivo in facing the U.S. economy will soon be decided on a new rate cut, in fact during the conference in Washington entitled "Financial markets, economic forecasts and monetary policy, "Bernanke announces" new aggressive cuts' and during his speech pronounces the words "further cuts in interest rates could be needed. The Fed is ready to act with speed and decision. " The main concern at the Fed is inflation risk aggrato by increases in energy costs over the financial market turmoil that threatens to weigh on economic growth and the recent roposito this extraordinary operation, says the president, in consultation with the ECB and other international central banks could be repeated with a permanent basis to deal with inflation while the Fed would be ready to reduce by half percentage point interest rate taking it, presumably by the end of January to 3.75%. According to Goldman Sachs to face a likely recession, interest rates should fall to 2.5% by year end.

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