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Mr. Duisenberg signaled that the bank would be open to reducing rates once the outlook became clearer.
Instead, Mr. Obama has said he would be open to reducing overall corporate tax rates if existing loopholes could be closed.
Given such pronouncements, it is far from clear that the Legislature will be open to reducing spending, or that Congress will be inclined to increase aid, as much as Mr. Paterson wants.
Carney said on Monday that the president would be open to reducing Social Security's benefit structure as part of a "big deal" to avert sequestration.
While sentencing the plumber to four days in jail last year, Persky indicated he might be open to reducing the conviction to a misdemeanor, according to the San Jose Mercury News.
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To ease the process, Mr Bertarelli is open to reducing his family's shareholding, despite their strong association with the firm, and to floating on an American exchange.The middle ground between tiny biotech and massive pharma looks tempting.
According to the minutes of the April 30 to May 1 policy meeting, which were released on Wednesday, "a number" of officials were open to reducing large-scale asset purchases as early as the June meeting, but disagreement continued on what conditions would suffice to begin that move.
Lawmakers who left that closed-door meeting told reporters the president had indicated he was open to reducing spending on healthcare schemes such as Medicare and Medicaid, which would be a significant concession.
The statement does not deny that AARP is open to reducing benefits.
If AARP is open to reducing benefits, it would be a major boost for Social Security reformers who say the program is too generous and therefore unaffordable.
John Olsen, president of the AFL-CIO in Connecticut, also jumped on the remarks: "It is outrageous that multi-millionaire McMahon is open to reducing the minimum wage, and mind boggling that she doesn't even know how much it is".
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