Was hat Big Al gesagt, ausser 0,5% Senkung?

Das was er so nebenher gesagt hat, wird wohl schlecht interpretiert?
Wer weiß was?

Persistent pressures on profit margins are restraining investment spending and,
                              through declines in equity wealth, consumption. The associated backup in inventories
                              has induced a rapid response in manufacturing output and, with spending having
                              firmed a bit since last year, inventory adjustment appears to be well underway...

                              Although current developments do not appear to have materially diminished the
                              prospects for long-term growth in productivity, excess productive capacity has
                              emerged recently. The possibility that this excess could continue for some time and
                              the potential for weakness in global economic conditions suggest substantial risks
                              that demand and production could remain soft. In these circumstances, when the
                              economic situation could be evolving rapidly, the Federal Reserve will need to monitor
                              developments closely


Gruß Dampf

For immediate release  


The Federal Open Market Committee at its meeting today decided to lower its target for the federal funds rate by 50 basis points to 5 percent. In a related action, the Board of Governors approved a 50 basis point reduction in the discount rate to 4-1/2 percent.

Persistent pressures on profit margins are restraining investment spending and, through declines in equity wealth, consumption. The associated backup in inventories has induced a rapid response in manufacturing output and, with spending having firmed a bit since last year, inventory adjustment appears to be well underway.

Although current developments do not appear to have materially diminished the prospects for long-term growth in productivity, excess productive capacity has emerged recently. The possibility that this excess could continue for some time and the potential for weakness in global economic conditions suggest substantial risks that demand and production could remain soft. In these circumstances, when the economic situation could be evolving rapidly, the Federal Reserve will need to monitor developments closely.

The Committee continues to believe that against the background of its long-run goals of price stability and sustainable economic growth and of the information currently available, the risks are weighted mainly toward conditions that may generate economic weakness in the foreseeable future.