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Do We Need a Rate Cut? Former Fed Officials Weigh In

Brooke Sopelsa,|Writer Producer
Wednesday, 29 Oct 2008 | 11:33 AM ET

The Federal Reserve will unveil its decision on interest rates Wednesday afternoon, and a cut is widely expected by investors. CNBC asked former Federal Reserve officials to weigh in on the upcoming decision.

Decision Day
Insight on what the Fed might do with rates today, with Robert McTeer, former Federal Reserve Bank of Dallas president

Rate Cut: Do We Even Need One?

“I don’t think they even need to cut, however, I think the market reaction to not cutting or even cutting a quarter point would be unnecessary to endure.”

Bob McTeer, Former Dallas Fed President

Decision Time for the Fed
Picking apart all the moves Ben Bernanke has been making throughout the financial crisis, with Laurence Meyer, Macroeconomic Advisors; Robert McTeer, former Dallas Fed and CNBC's Steve Liesman

The Case for a Rate Cut

“Every further cut in the funds rate at the margin helps. This is an economy that’s weakening very sharply, likely to fall at a pretty good clip in the fourth quarter (and) be weak through next year. Further easing is in order; I think we go 50 basis points, and I think they leave the door open for even further cuts.”

Laurence Meyer, Former Federal Reserve Governor

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