Resource title

Credit crunch: Did the Fed do the right thing?

Resource image

image for OpenScout resource :: Credit crunch: Did the Fed do the right thing?

Resource description

The US Federal Reserve cut short-term interest rates half a percentage point this week to make it cheaper for banks to provide loans and keep the crisis in the subprime mortgage market from spreading to other sectors of the economy. The cut was bigger than many market analysts had expected and was designed to have an immediate impact on interest rates for home loans, credit cards and business borrowing. The credit crunch is the first major test for Fed Chairman Ben Bernanke and not all the experts agree on whether Bernanke has got it right.

Resource author

Resource publisher

Resource publish date

Resource language

en

Resource content type

text/html

Resource resource URL

http://knowledge.insead.edu/contents/Fed.cfm

Resource license

Copyright INSEAD. All rights reserved