NEW YORK (CNNMoney.com) -
And so it is Fed day, and Alan Greenspan, Christmas and John Lennon are dancing in my head....
And so it is Fed day
And what will they do?
12 rate hikes in place now
Number thirteen comes, too.
And so this is Fed day
Greenspan's second to last
If he wants to change things
He better act fast.
--
And so it is Fed day
Will "measured pace" disappear?
And the Fed watch data closely
In the coming new year?
--
It's an interesting Fed day
Bernanke waits in the wings
Wondering are we in "neutral"
On interest rates and things.
So enjoy this fine Fed day
Don't raise rates too much
Or the economy in 2006
Will need a new crutch.
--
A very happy Fed day
May the markets move higher
And give Mr. G a hand now
As he prepares to retire.
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Kathleen Hays is economics correspondent for CNN. Read more of her poetic columns here.
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