Mound City Money » Blog Archive » Fed will cut rates to zero, Macroeconomic Advisers says

11.24.2008 4:11 pm

Fed will cut rates to zero, Macroeconomic Advisers says

St. Louis Post-Dispatch

According to Real Time Economics, Clayton-based Macroeconomic Advisers now expects the Federal Reserve to cut a key short-term interest rate to zero by January. The firm’s Laurence Meyer and Brian Sack also think the federal funds rate will remain at zero throughout 2009.

Meyer is a former Federal Reserve governor and Sack is a former Fed economist. They’re the Washington outpost of Macroeconomic Advisers, a firm Meyer co-founded while he was a Washington University economics professor.

Article printed from Mound City Money: http://www.stltoday.com/blogzone/mound-city-money

URL to article: http://www.stltoday.com/blogzone/mound-city-money/us-economy/2008/11/fed-will-cut-rates-to-zero-macroeconomic-advisers-says/

If you enjoy reading about interesting news, you might like the 3 O'Clock Stir from
STLtoday.com. Sign up and you'll receive an email with unique stories of the day,
every Monday-Friday, at no charge.
Sign up at http://www.stltoday.com/newsletters/