21.   By steadily cutting rates the Fed has cut the borrowing costs for the automakers, allowing them to offer the free loans without going broke.

22.   Central bankers cited low inflation as one reason for cutting rates by a quarter-percentage point in January.

23.   Central bankers cited moderate inflation as one reason for cutting rates by a quarter-percentage point in January.

24.   Central bankers cited low inflation as one of the reasons for cutting rates.

25.   Could the Fed do anything to conduct monetary policy without cutting rates?

26.   Cutting rates again would also disturb a rallying German bond market, vital to the success of an economic rebound.

27.   Cutting rates can boost the economy by making it cheaper for businesses and consumers to borrow money, but may also lead to inflation.

28.   Cutting rates this month could leave the Fed in the position of not being able to signal approval for deficit reduction, Rachwalski reckons.

29.   Even if the Fed changes course after cutting rates three times since last July, few analysts envision a slump that would cause a jump in joblessness.