Credit Loan Deals

Fed meeting minutes show that their slashing of the key interest rates last month was due to their worries about a severe recession.  With the economic downturn, crash of the housing bubble, and credit markets being the tightest they have been in a long time, the Fed is looking at a perfect storm of issues that could make this a prolonged recession.  On the other hand with the high oil prices and food prices, it is making it difficult to lower the interest rates any further to fight the recession as a continued drop will only be more inflationary.