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Fed Cut Reactions

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by Felix Salmon
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Oct 31 2007 12:00am EDT

Fed Cut Reactions

David Gaffen: "The market the Fed continues to brush off is the currency market... The stock market got what it wanted, which was its candy."

Stephen Stanley: "This statement has all the subtlety of a sledgehammer. The FOMC has just stated unequivocally that “we think we are done easing.”"

Chip Hanlon: "It will take action, not words, to reign in rampant inflationary pressures."

Sudeep Reddy: "The fact that six banks didn’t make requests for quarter-point discount rate cuts could mean today’s FOMC meeting featured more debate about whether such a cut in the federal-funds rate was appropriate."

William Polley: "It is a good statement... better than the last."

Brad DeLong: "For the First Time Since 1997, the Fed Is More Dovish than Brad DeLong"

And then of course there's this:

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