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Protesters said they wanted to make a point cuts to the Pentagon and ending the wars should be tied into the current budget debate in Congress.
The Fed has aggressively cut rates this month, including a preemptive half a percentage point cut on Jan.3.
Last month, three MPC members favoured a quarter point cut.
Given the gloom, up to a percentage point cut was what had been expected today.
Tuesday's decrease is the Fed's fifth one-half of a percentage point cut since Jan . 3
But, the one-half of a percentage point cut indicated Greenspan has confidence in the economy's improvement.
A range of other accounts will be subject to a 0.25 percentage point cut.
Yesterday's half-a-percentage-point cut in short-term interest rates by the Federal Reserve was the eighth cut this year.
Remember that the campaign is proposing a 3 percentage point cut in corporation tax as well.
It will take more than a one-half point cut to reduce these companies' borrowing costs.
Federal funds futures were indicating expectations for a 75 basis point cut from the Fed March 18.
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