American interest rates | Aggressive activism | Economist.com

American interest rates Aggressive activism Economist.com:
Jan 31st 2008
From The Economist print edition
The Fed writes a new economic script

NO ONE could accuse America's policymakers of standing pat as the economy flirts with recession. Congress is close to passing a fiscal-stimulus package worth just over 1% of GDP (the House of Representatives passed its version at $146 billion on January 29th). And the Federal Reserve is loosening the monetary reins at the fastest pace in decades.