Should Greenspan pause now?

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Sep 3, 2005 9:42 am

lost jobs: 1,500,000 +

consumer spending: down

US exports: down

energy crisis in full swing



This would be a perfect excuse to pause from increasing rates. What do you

think?

Sep 3, 2005 4:35 pm

I would pause until the full effects of Katrina are known.


However, higher oil prices are going to translate into higher prices for eveything else; thus, causing a jump in inflation. And we all know that inflation is Greenspan's bogeyman. Will this, in turn, force Greenspan to raise rates? Who knows.

Sep 4, 2005 1:40 am

My guess is that the fed will pause and review the new data before they raise the rates. 


They could always raise rates .50 @ the next meeting