Could the Fed Be Exporting Stagflation to Europe?
May 1st, 2008 | By William Patalon III | Category: Politics & EconomicsThe U.S. Federal Reserve reduced the benchmark U.S. lending rate by a quarter point – from 2.25% to 2% – yesterday (Wednesday), and then hinted that it will take a break from one of its most-aggressive rate-cutting campaigns in decades.