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The Fed has to drop rates enough to break the financial logjam and encourage businesses and households to borrow and spend anew.
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The Fed already has similar moves planned, and Mr. Trichet said the action should help ease the logjam resulting from close trans-Atlantic financial integration.
Europe's nervous markets were calmed, at last, on Monday after the European Union and the International Monetary Fund broke their logjam and approved a long-delayed financial rescue package for Greece.
He has used his celebrity to break political logjams in the legislature, to negotiate financial concessions from state colleges and universities and to persuade voters to approve $15 billion in new borrowing to help balance the budget.
Clemens has never pitched for a team in Texas, but if the Yankees let him do so, they would alleviate some of their financial burden from the new labor agreement and solve the logjam in their rotation.
A federal judge in Miami commends the Florida governor's proposal to break a legal logjam on cleaning up the Everglades but emphasizes that a firm financial commitment is still absent.
They are looking for a Teddy Roosevelt, one who can break the logjam in Washington, enact real lobbying reform, fix our health care system, restore confidence in financial leadership and simplify the tax code.
A legal logjam awaits.
The logjam requires new thinking.
But why is there a policy logjam?
One way to break the logjam would be a Royal Commission – on no account to be chaired by a City grandee – with a mandate to propose reforms of the financial system by the end of 2011.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com