Wednesday, November 28, 2007

Fed's Kohn: Policy to be "Nimble"

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.