Re: the Fed

[Eugene Coyle <eugenecoyle@xxxxxxx>]

A recession.

And they weren't considered that low against the then background experience.

Gene Coyle

Ian Murray wrote:

> Fed Set to Cut Rates to 45-Year Lows
> By Glenn Somerville
> Reuters
> Tuesday, June 24, 2003; 2:33 AM
>
>
> WASHINGTON - The U.S. Federal Reserve, seeking to rev up a slow recovery
> while keeping price deflation at bay, is universally expected to cut
> interest rates to 1958 lows this week.
>
>
> =================
>
> What was going on in 1958 that necessitated low rates?
>
>
>
> Ian