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The Daily Interview: The Fed Was Wrong, Says Froehlich
Some people are ... let's say, disappointed, with the Fed's decision today.
 Robert Froehlich Vice Chairman Scudder Investments |
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An expectant mood on Wall Street early in the day was stomped out after the Federal Open Market Committee decided to cut the fed funds rate by 50 basis points -- less than the 75 basis points hoped for by many. The news took the modest wind out of the market's sails: The Dow ended down 239 points to 9720 and the Nasdaq lost 94 to 1857. ...
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