Richard Fisher, president of the Fed’s Dallas bank, and Charles Plosser president of the Fed’s Philadelphia bank, both voted against the most recent cut in the Fed’s federal funds rate according to minutes of the March 18th Federal Open Market Committee meeting released on the Fed’s web site. The committee voted 8-2 to approve the rate cut.

Alan Greenspan, the former chairman of the Federal Reserve, told a Spanish newspaper that there is more than a 50% chance that the U.S. will enter a recession. Greenspan, who is in Spain promoting his new book The Age of Turbulence: Adventures in a New World, told El Pais that he “would not describe the situation we are in as a recession, although the chances that we’ll have one are more than 50 percent.”