He also warned that the cuts in private family cases will put children at risk:

That cut would put her salary at $103,000 a year.

The top was going slightly green, so the eldest cut it out and put a candle in the hole.

But still, the cuts will put one dream, a single-family house in the suburbs, farther out of reach.

That move was the best after a third discount rate cut until the Fed's decisive cuts in 1982 put an end to a severe recession.

The sudden cut in rates certainly puts to rest any conflict that may have existed among Fed members over monetary policy.

First, cuts put very little money in any individual's pocket, he said.

The punitive budget cuts put forward by the White House earlier this year should not be allowed to stand.

But such a substantial cut in stated reserves, he said, "puts a very big question mark over anything they tell us."

"All these cuts are really putting a lot of pressure on the home, and there's not much we can do about it."