Monday, December 15, 2008

The coming days: The week ahead

The Federal Reserve considers how to get the economy moving again

• AMERICA’S Federal Reserve begins a two-day meeting on Monday December 15th to consider how to tackle the country's mounting economic woes. An interest-rate cut is likely and observers reckon that the Fed will probably announce a raft of less conventional measures to inject some life into America’s foundering economy. The doubt over the future of General Motors and Chrysler, which failed to secure a government bail-out on Friday, will add to the gloom. The two may try to avoid going bankrupt before George Bush hands over to Barack Obama by trying to get cash from the TARP, a bail-out fund meant for financial institutions.

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[Source: The Economist: News analysis

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