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It had resisted lowering interest rates, but signaled on Thursday that it might cut rates soon.
But if lowering interest rates now would be bad timing, raising them seems wrong-headed.
While Bush considers lowering troop levels, Fed chairman Ben Bernanke considers lowering interest rates.
Federal Reserve policy makers have been responding to sluggish growth by lowering interest rates.
He even suggested the Federal Reserve Board might start lowering interest rates.
Other Asian countries may follow suit, largely by lowering interest rates.
And the Fed manipulates the price of money by raising and lowering interest rates.
But inflationary worries mean the central bank has resisted lowering interest rates, despite the sharp slowdown.
Until now, the government's modification efforts have focused on lowering interest rates.
If he is wrong, he can always start lowering interest rates.
He is right.The starting-point for many policymakers remains lowering interest rates.
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