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The eBearing News
December 2, 2000


U.S. Manufacturers Urge Federal Reserve
to Cut Key Interest Rates
copyright © 2000 eBearing Inc.

      The National Association of Manufacturers called on the United States Federal Reserve to cut key interest rates in order to stimulate the sector.

      Tim Timken, Chairman of the National Association of Manufacturers said, "...it is absolutely essential that the Federal Reserve move promptly from its current tightening bias to a neutral bias in December and consider cutting rates by 25 basis points next year."

      Slowing industrial production and demand, along with higher energy prices and a weakening Euro, have all conspired to give the manufacturing sector of the economy a very hard time recently.

      The NAM is concerned that continued pressures like that mean the U.S. economy is in for a hard landing from its 10-year expansion.

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- by Bruce A. Carr
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Unauthorized reproduction is prohibited.


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eBearing.com ... for everything that moves™
Entire contents Copyright © 1999-2008, eBearing Inc. All rights reserved.
eBearing.com and "... for everything that moves" are registered trademarks of eBearing Inc.