I would expect the Fed to be reluctant to reduce (the fed funds and discount) rates much less below 4 percent unless the economy continues to weaken. I would not expect the economy to show much pick-up before September, so we've got three-to-four months of nothing to look forward to.  -   John Forelli     Quotes
I would expect the Fed to be reluctant to reduce (the fed funds and discount) rates much less below 4 percent unless the economy continues to weaken. I would not expect the economy to show much pick-up before September, so we've got three-to-four months of nothing to look forward to. John Forelli