Since then, futures prices have been predicting a 50 basis-point cut in short-term interest rates by April.

ECONOMIST: First the put; then the cut?

The Dow shot up more than 300 points after the Fed cut short-term interest rates by half a percentage point.

NPR: Time for Renovation at the FHA?

His half-point cut in short-term interest rates was designed to avoid a recession, but it may have bought him only a postponement of the inevitable.

FORBES: Magazine Article