PhillyDeals: PhillyDeals: Local bankers weigh in on Fed's rate slash

The Federal Reserve is giving money away, driving its benchmark interest rate down near zero. "They're running themselves out of room," said Ted Peters, chairman and chief executive officer of Bryn Mawr Bank Corp. and a new appointee to the board of the Fed's Philadelphia bank. "But the concern right now clearly is the economy spiraling downward."

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