Point of View: Why Fed rate-cutting power ebbed in ‘01 

Posted: 1:00 am Fri, November 30, 2001
By admin

Much has been made in market circles about the perception that the Federal Reserve’s year-long march to lower interest rates didn’t seem to pack the usual economy-awakening punch.Before the life-changing events of Sept. 11, various theories were posed to explain this observation. Among them was the notion that the economy was experiencing a capital spending ...