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Amid fears of global recession, the Federal Reserve aggressively eased credit.
It has eased credit conditions, it has pumped up the stock market, it has suppressed the dollar," said Mickey Levy, Bank of America's chief economist.
The action came a day after the Federal Reserve eased credit conditions with an aggressive half-point cut in interest rates, a move that buoyed global stock markets but also fanned concern that the United States might still face a notable slowdown.
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This could cut interest rates and ease credit supply.
Doha will not repair housing markets or ease credit constraints.
The committee's intent will be to ease credit and help the economy.
So while the Fed is easing credit, the markets are reluctant to follow suit.
The Bank is considering pumping more electronic money into the economy and could ease credit conditions.
The Fed calls its policy "credit easing" to emphasise that, though its policy rate is almost zero, it is using different channels to ease credit and boost spending.
The problem is that the Fed's options, basically easing credit by various means, cannot by themselves turn things around.
There is a cumulative effect from easing credit, but no easy way to know when it will kick in.
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CEO of Professional Science Editing for Scientists @ prosciediting.com