Morning News Tuesday September 4th 2007
General News: Fed notes: · UCLA Economic forecasting director Leamer said the Fed gets an F for its read on housing. · Former ECB Head Issing and Fischer, the head of the Bank of Israel, said the Fed should not take a hands off approach. · NBER Feldstien says Fed may have to cut rates 100 bps to ease a recession. · Market News’ Beckner says that rate cuts not certain but likely. There are differences that need to be resolved over the coming days to determine the course of monetary policy. Other credit issues: · FT says that…