Fisher: No Guarantee on Future Cuts

Investor's Business Daily (03/10/08) P. A2
Federal Reserve Bank of Dallas President Richard Fisher says another rate cut by the central bank is not a sure thing, even though officials lowered interest rates by 225 basis points over the past six months. Although the central bank cut rates in an emergency meeting on Jan. 22, Fisher says it is not likely that another such meeting will occur. Analysts anticipate a 75-basis-point reduction in the federal-funds rate to 2.25 percent at the Fed's next meeting.