The Fed wouldn't let financial prestidigitators squirm while the house crumbles ... would it?
A RATE CUT WITH A SHOESHINE AND A SMILE
"The Fed has already fired off two of its big guns, open market operations and, on August 17, a discount-rate cut, to little avail. The next step is a cut in the Federal Funds target rate, the benchmark overnight interest rate used by big banks to lend one another money."
Answer, tomorrow at 14:15 EST.