7 May 2001, 10:30 Ex-Fed's Gramley says Fed may only cut rates quarter point May 15
Washington, May 4 (BridgeNews) - Although the weaker-than-expected
U.S. April jobs report has cemented expectations in financial markets of a
one-half point interest rate cut at the Federal Reserve's May 15 policy
meeting, worrisome inflation data and a recent stock market recovery may
cause the Fed to cut rates by a smaller one-quarter point, former Fed
governor Lyle Gramley said.
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