Sentence examples for further rate reductions from inspiring English sources
At their October meeting, Fed policy makers signaled that further rate reductions might not be needed.
But the Fed will soon have to start signaling that it will limit any further rate reductions to a quarter point, he said.
But the bank did leave open the possibility of further rate reductions when it next meets on Oct. 3 and 4, saying today that at that time it would "assess more fully the impact of recent events".
But his analysis of economic conditions suggested that further rate reductions were likely, if perhaps not so certain and so large as investors and analysts have assumed in recent days.
The Fed will probably retain language in its policy statement signaling a willingness to consider further rate reductions, he said, but "the easing cycle that began in January 2001 is now probably over".
And it held to its policy bias toward further rate reductions, concluding that "the risks are weighted mainly toward conditions that may generate economic weakness in the foreseeable future".
Though Mr. Bernanke's comments suggested that the central bank was still open to further interest rate reductions, the tone was, as expected, somber.
Some investors are pinning their hopes on further interest rate reductions by the Fed, which meets on today and tomorrow, hoping that its aggressive monetary easing can engineer a comeback for the economy.
"The ECB attempted to exceed market expectations with a strong set of non-conventional monetary policy measures but then disappointed the market on forward guidance around further interest rate reductions – effectively suggesting that interest rates had reached their nadir," said Marilyn Watson at fund manager BlackRock.
True, the economy is weak and unemployment is too high, but a further interest rate reduction could just pile on more pain, without generating growth.
