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Wednesday, November 28, 2007

Fed's Kohn: Policy to be "Nimble"

by Calculated Risk on 11/28/2007 09:24:00 AM

From Fed Vice Chairman Donald L. Kohn: Financial Markets and Central Banking

... uncertainties about the economic outlook are unusually high right now. In my view, these uncertainties require flexible and pragmatic policymaking--nimble is the adjective I used a few weeks ago.
That sounds like Kohn supports a rate cut in December.