- Embattled Fund Shifts Cost of Suits to Investors
- CEOs Weigh In on How To Revive Economy
- Trump Sees Act of God in Recession
- Huge Job Losses Could Be Signal That Worst Is Over
- Energy Goals a Moving Target for States
- Brown-Forman Profit Rises; Boosts 2009 Outlook
- Congress Weighing Major Restructuring of Auto Makers
- Plunging Yields Take Shine Off Treasurys
- Job Losses Hit 533,000 Last Month, Worst in 34 Years
- Mad Money Marriages
- Etnies: One Party For Adidas, Two Parties For Us
- Apple Apps "Bubble" Talk Just That, As Downloads Soar
- Gatorade Inventor Saga Finally Over?
- Texas Tech's Mike Leach Is One "Weird" Coach
- Pfizer's Statin Study: What An Email Response!
- PGA Spokesman: Sponsors Believe In Us For Long Term
- Kilduff: Expect Rebound In Oil Prices Early 2009
- How to Move Forward After a Layoff, Part 2
Text Size 
The world's biggest central banks are pulling in opposite directions and it seems their efforts are only contributing to one thing: a weaker dollar.
The Federal Reserve was quick to react to the fallout from the subprime crisis, lowering the interest rate to avert a recession and keep the world's biggest economy on track, even though it risked drawing criticism from those who believe a strong dollar and low prices are the answer to America's woes.
The European Central Bank resisted politicians' calls to cut the rate, keeping it on hold for one year during the financial markets turmoil, but it is likely to raise rates by a quarter point on Thursday as inflation in the 15-member euro zone is double the ECB's 2 percent target.
Vote below for your preferred central banker.
Print
Email
Del.icio.us
Digg It
Data is a real-time snapshot *Data is delayed at least 15 minutes