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Bernanke Signals Fed May Cut Rates as Crisis Deepens

 
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User ID: 519754
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10/07/2008 05:09 PM
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Bernanke Signals Fed May Cut Rates as Crisis Deepens
Oct. 7 (Bloomberg) -- Federal Reserve Chairman Ben S. Bernanke signaled policy makers are ready to lower interest rates as the credit freeze poses an escalating danger to the economy.

The world financial system is under ``extraordinary stress'' and history shows that severe instability ``can take a heavy toll on the broader economy if left unchecked,'' Bernanke said in a speech in Washington. ``The Federal Reserve will need to consider whether the current stance of policy remains appropriate.''

[link to www.bloomberg.com]
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User ID: 519754
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10/07/2008 05:12 PM
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Re: Bernanke Signals Fed May Cut Rates as Crisis Deepens
In economics, hyperinflation is inflation that is "out of control", a condition in which prices increase rapidly as a currency loses its value. Formal definitions vary from a cumulative inflation rate over three years approaching 100% to "inflation exceeding 50% a month." In informal usage the term is often applied to much lower rates. As a rule of thumb, normal inflation is reported per year, but hyperinflation is often reported for much shorter intervals, often per month.

[link to en.wikipedia.org]

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