With the hardship being felt by the American people becoming ever more apparent, the Fed is now considering a cut in interest rates that would bring them to their lowest point in over four years. The move is being considered as a way to relieve some of the pressure caused by the nation’s ongoing credit problem, and give consumers the confidence to resume spending. Many skeptics remain, however, noting that the measure may only have a minute effect, if any. A decision is likely to be made this week, with government release of a GDP report slated for Thursday.
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