Further Fed cuts likely on Kohn comments

Donald Kohn, the vice chairman of the Federal Reserve, has hinted that more rate cuts are needed in order to insure against an economic calamity.

Economic growth in the US is expected to be sluggish until the middle of 2008 before picking up towards the end of the year - a scenario that would make further cuts unnecessary, given the monetary policy lag.

However, Kohn warned that it was possible that trends such as a reduction in exposures, tighter lending standards and higher compensation for

To continue reading...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: