Sunday, June 11, 2006

Watcha Gonna do Ben?

Federal Reserve Board in Washington, DC

So what is the Federal Reserve Board going to do with interest rates over the coming months?

The housing industrial complex wants them to immediately pause with their rate increases. Its not going to happen. There will be at least one more interest rate hike at the Federal Reserve Board before it pauses. Good luck to Ben Bernanke. You have inherited a very tough job from Mr. Greenspan.