Fed Cuts Interest Rates by A Quarter Point

Interest rates have indeed been cut again, moving down from 4.75% to 4.5%.

While the cut was expected, it is now thought to be unlikely that rates will be cut again for quite sometime.

Fed Chairman Ben Bernanke was forced to make a decision in light of both a "faster-than-expected" growth in the economy and the threat of falling home prices and a falling dollar. And now, of course, the argument arises over whether Bernanke and the Fed are truly able to keep inflation under control.

To read about the Fed's decision in more detail and the controversy that surrounds it, go to the Wall Street Journal's article: Fed's Rate Cut Could Be Last For a While