@justinwolfers : Today's numbers give ammo to those who arguing for the Fed to cut by 550 basis points. There are strong arguments on both sides, and so this will be the first seriously contested Fed meeting in ages. I put the chances of a big cut (50 points) v. small cut (25) at fifty-fifty. • TwiCopy

Justin Wolfers

@justinwolfers

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Professor @UMichEcon & @FordSchool | Senior Fellow @BrookingsInst & @PIIE | Intro Econ textbook author | Think Like an Economist podcast.

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linkhttp://www.nber.org/~jwolfers calendar_today01-07-2011 20:01:28

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Justin Wolfers

@justinwolfers

18 days ago

Today's numbers give ammo to those who arguing for the Fed to cut by 50 basis points. There are strong arguments on both sides, and so this will be the first seriously contested Fed meeting in ages. I put the chances of a big cut (50 points) v. small cut (25) at fifty-fifty.