"I think the Congressmen are going to be pushing Bernanke hard on whether he approves of this proposal, " says Lyle Gramley, a former Fed governor.
FORBES: Details Of The Deal
2.
Gramley said that Bernanke was now exercising the kind of forceful leadership the markets had been hoping to see since the credit crisis hit in August.
NPR: Fed Sends Signal with Deep Cut to Interest Rate
3.
"This move by the Fed was essential, " said Lyle Gramley, a former Fed governor who is now a senior analyst with the Stanford Financial Group in Washington.
NPR: Fed Sends Signal with Deep Cut to Interest Rate