Goldman Sachs: Fed May Cut Rate Today

An emergency interest rate cut from the Federal Reserve is possible ahead of its March 18th policy meeting, according to a Goldman Sachs research note on Monday.

Goldman said its view on Fed policy changed on Friday.

The government reported on Friday that a second straight month of job losses and the Fed announced new steps to inject liquidity into the financial system as credit availability remains tight.

Keep Reading

-- OR --

Read NYT's Paul Krugman on the Federal Reserve's recent history with rate cuts.

Comments

[VivaZapata]

Someone is going to pay for this sleight of hand. The bankers at the federal reserve privately owned bank is printing money to bail out the bankers (that's themselves, right?). The loser is the consumer who will have to pay a salary check to barely scratch by. Expect increases in Jean Valjean types of theft. Expect jobless people to drift away from their families. Expect poorly paid public servants to take second jobs, if they can get them, netting decreased performance as teachers, firemen, police. Speaking of the latter, expect an increase in guys on the take. Corruption in general will be rampant. When a government is slave to an economy run by Armani suited swindlers who don't give a damn about the society they never really see, this is what we get. This is the Eighties all over again, only worse. Was that a person I just tripped over?

[FogBelter]

The Fed cuts the rate again and oil jumps to $110 a barrel ... These fools are bailing their sinking rowboat as fast as they can, while missing the fact they are about to go over Victoria Falls ...

Keep cutting the rate ... what the hell ... keep bailing ...

[ErnestineBass]

BAIL, BAIL, BAIL, YOU FILTHY DOGS!

THE EMPEROR'S INVISIBLE SHOES ARE GETTING WET!

heh heh

[Rule Of Law]

Over and over, it is Goldman -Sachs. Before the Crash of '29, before the "tech bubble" of 2000, and now before this, it is Goldman with the inside line, talking with all of their Alumni in Treasury and The FED. How many points has the FED lowered the rate since xmas, and there is still not enough "liquidity" that they need to inject more cash into this house of cards? And, just as last time, that money still won't trickle down to consumers, people who could really use it at affordable rates. It will go to reduce their accounts payable, and prop up their reserves--They may as well let Goldman and the other commercial banks just back trucks up to the Treasury to make it easier to haul it all down to Mid-town Manhattan!

[ErnestineBass]

Ummmm...Go­ldman Sachs IS the FED.

[Rule Of Law]

Dang, ernestine, I'd say that's right on.

[demican]

Maybe the bloviators should shut up for a change and let the Fed do whatever, if anything, it will do instead of constantly influencing the markets with their suppositions, speculations, and pontificating.

[localman]

But then we wouldn't have 'free markets'.

[ErnestineBass]

BahWahahahaha!

Good pun, localman!

Or was that an oxymoron..­.?

[WIpatriot]

I'm so sorry. I wasn't aware that my thoughts had such an impact on the market.

Because if that were true, it would have already crashed.

[GreedyOldPsychopaths]

When reached for comment, a Bernanke aid was quoted as saying, "Ben's a really competitive guy. Sometimes though, he gets caught up in trying to please his financial buddies and forgets that the economy is not a Limbo dance contest."

[Rule Of Law]

Ah, but Greedy, which direction is it that ol' Ben is Ben-ding?

[studlyguy]

all Burn us nanke is doing digging a bigger hole into the economic abyss,no one is buying anything in this dismail economy so what he is doing , it will do nothing but appease Wall street for a millisecond ,meanwhile the dollar that worthless piece of paper in your wallet because what Burn us nanke is doing ,that's why oil and food is skyrocketing,will be even MORE WORTHLESS,sorry get ready it's going to be scary and painful ride ,did anyone ever think this is their plan after all is to destroy the economy and the dollar sending us into that economic juggernaut called depression 2008,then just as the crinimal Bush regime and everyone at the FED as well as chairman Burn us nanke should all resign cause they will by time Bush is out of office have caused the 21st century depression,and will be able to say in his send off speech MISSION ACCOMPLISHED!

[mrcontinental]

Zero per cent here we come!

[mommadona]

Yeah, what happens when we reach 0%??????

There is no more "There" there.....

Get out the wheelbarrow, folks...

http://en.wikipedia.org/wiki/Hyperinflation

http://www.larouchepac.com/files/cartoons/hyperinflation_denial_cartoon.jpg

[mrcontinental]

Maybe that's why we have so many pickup trucks in this nation, perhaps they knew this was coming.

[drkazmd65]

Oh goodie!

Let's make inflation even higher - just so the idiots in finance can make a few more bucks before the bottom falls out.