Ex-Fed Gov Meyer Sees Fed Cutting Rates to Zero
Former Federal Reserve Governor Laurence Meyer and former Fed economist Brian Sack on Monday became the latest central bank watchers to forecast a zero federal funds rate early next year.
http://blogs.wsj.com/economics/2008/11/24/ex-fed-gov-meyer-sees-fed-cutting-rates-to-zero/
As I’ve stated before, this is highly unlikely in the near future. It’ll effectively be zero but there’s no way they can go to zero with the implications on the money markets, etc.