11. The central bank said little to explain its action, but the shift in policy suggested the Fed has become more concerned about preventing a recession than battling inflation. 12. The Fed lowered the overnight bank lending rate in July, December and January to prevent a recession. 13. The FOMC trimmed the target rate in quarter-point moves in July, December, and January, to prevent a recession. 14. The goal is to prevent a recession. 15. The International Monetary Fund intervened but could not prevent steep recessions in any of the countries. 16. The president says he must soften environmental rules to prevent a recession. 17. The reports spurred speculation that the Fed will lower interest rates to prevent a recession, he said. 18. Then, investors expected the Federal Reserve to keep cutting bank lending rates to prevent a recession. 19. With a war looming, other factors will likely prevent a recession as painful as the last one, a decade ago, economists said. 20. A tax cut is not an economic tonic to prevent a recession, he said, because it takes time to implement. |