How Low Can Bernanke Go?
Ben Bernanke and his squad of rate setters are expected to cut interest by as much as three-quarters of a point on Tuesday. With rates already at 1 percent, we mortals are left wondering what the Fed chief plans to do when he runs out of rates to cut.
Upate: Rates go as low as zero.
US interest rate-setters, led by Federal Reserve chairman Ben Bernanke, are expected to cut rates from the current level of 1% on Tuesday.
They are expected to lower it at 1415 EDT (1915 GMT) to 0.5% or even 0.25%.
As they run out of room for further cuts, the policymakers may give details of what other tools they plan to use.