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"So we think they will cut rates at their next meeting."
He cut rates in July 1990 for the same reason.
"They should give us a cut rate at these events."
It's great to be out there saying you can cut rates by 45 percent.
The Fed cut rates 10 times in the next 11 months.
The bank has cut rates four times this year, most recently in August.
The committee agreed that it would probably have to cut rates again soon.
That would put more pressure on the Fed to cut rates.
He said that would make it hard for the Fed to cut rates.
As a result, they often cut rates for specific companies or whole industries.
Backers say the plan would cut rates by at least 12 percent.
But they also said there was no need to cut rates further to spur growth.
That gives the Fed some freedom to cut rates soon.
It's hard to predict when or if Germany might cut rates.
The state ordered several hospitals to cut rates by more than half.
Since the dollar began to fall, Britain has cut rates once.
"I'd get in trouble with the union if I cut rates on a hit," he said.
"But all it means is that they have decided not to cut rates now.
A repeat of 2000-01 could, in theory, force the central bank to cut rates.
"But I think it would have been bullish if they had cut rates."
The Fed is widely expected to cut rates again at its meeting next week.
But yesterday, even after the Fed cut rates, they were sold.
Not everyone agrees that the Fed should cut rates now.
Some analysts thought the board might act within days to cut rates, but others predicted no change.
"It does give them the window if they wanted to cut rates for dollar reasons," he said.