CNN's Velshi: Federal Reserve Board is 'Late to the Party'

admin — Wed, 12 Dec 2007 21:18:48 +0000

Jeff Poor

Investors weren’t the only ones disappointed with the Federal Reserve Board’s actions on December 11.

The Fed’s decision to cut the Fed funds rate 25 basis points and the Fed’s statement that accompanied the cut caused the Dow Jones Industrial Average (DJIA) to fall nearly 300 points.

CNN senior business correspondent Ali Velshi was critical of that statement on December 12.

Heidi Collins

CNN's Velshi: Federal Reserve Board is 'Late to the Party'