I quote from the scene entitled “Dashrath’s Visit” “Then Dashrath, best of those Whose speech in graceful order flows, With gathered saints on every side, Thus to the lord of earth replied: “A truth is this I long have known, A favor is the giver’s own.
The FOMC began to ease monetary policy in September 2007, reducing the target for the federal funds rate, its policy instrument, by 50 basis points, or 1/2 percentage point.