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For traders besieged by earnings warnings, news that the Fed was not yet considering interest rate cuts was unsettling.
"The Fed has to be considering interest rate cuts of between half a percentage point and a full percentage point over the next six months.
She said that Bank Negara Malaysia already weighs a number of other factors when considering interest rate changes.
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The design and operation of such supply portfolio merits decisions of what and when to expand, and how much of each source to use considering interest rates, economies of scale and hydrologic variability.
The Bank of England's monetary policy committee gathers today to consider interest rate policy.
The Fed is scheduled to meet on Tuesday to consider interest rate policy.
The beige book's findings will be used by members of the Fed's policymaking Federal Open Market Committee when they meet June 27 and 28 to consider interest rate strategy.
Other signs of economic slowdown are underlined in the Fed's latest summary of national economic activity, known as the beige book, which will be used by members of the Federal Open Market Committee when they meet on Dec. 19 to consider interest rate strategy.
Mr. Greenspan's comments, which did not address the outlook for the United States economy, came a day before the Fed will begin a two-day meeting to consider interest rates.
Moreover, for nearly five years, interest rates have hovered close to zero, and in real terms (after our modest inflation rate is considered) interest rates have effectively been negative.
The Federal Reserve will meet on Nov. 15 to consider interest-rate policy, its first meeting after the presidential election, which many people believe has made the Fed reticent.
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