20 years of economic depression the United States the biggest crisis the Federal Reserve cut interest rates or a substantial.

<P>: Http://finance. Information, such as the U.S. employment report recently released a series of bad news, making the outside world economy is expected to have a recession. .7, former U.S. Treasury Secretary Larry Summers warned the U.S. economy is facing recession, the biggest crisis in 20 years. .At the same time, the National Bureau of Economic Research (NBER) President, but also the costs of Dai Siting Harvard University economist, also said chances of a U.S. recession has increased to 50%. .</ P> <P> U.S. employment report released on Friday showed the unemployment rate in December last year, rose to 5%, the highest two-year high, from the previous month by 0.3 percentage point higher than the current economic expansion of the lowest unemployment .rate of 4.4%, while higher than 0.6 percentage points. .The third consecutive year in the downward revision of the property market and consumer spending slows, the U.S. economy is gradually cooling. .</ P> <P> Summers a "severe recession" to describe the U.S. economy is facing an unprecedented crisis, in addition to the employment situation so bad, and depressed consumer spending the Christmas holidays; In addition, record high international oil prices, real estate prices .continued to fall, the banks bad loans remain high and so on. .He believes that the U.S. recession crisis forced the Bush administration must be carefully introduced temporary fiscal policy to stimulate the economy, can not completely rely on the Fed's monetary policy. .</ P> <P> Summers pointed out that the crisis in the U.S. surge into a severe recession, the market expected the U.S. Federal Reserve cut interest rates may also be significant, however, international oil prices at record highs, if the Fed slashed rates to .fueled inflation, and makes the already weak dollar to weaken further, he claims the Bush administration should adopt fiscal measures to share the pressure on monetary policy, and to avoid over-loose monetary policy and low interest rates triggered a new wave of foam. .</ P> <P> fee Dai Siting: the unemployment rate hit consumer </ P> <P> 68-year-old charges Dai Siting pointed out that the rise in unemployment has hurt consumer confidence. .He said: "In view of poor employment report in December, consumers will become more sensitive, they will be more stingy consumer, which will further drag on economic growth in 2008." </ P> <P> charges, said Dai Siting .: "They have to cut interest rates again. For the moment, the cut interest rates by 0.5 PCT is not necessarily a bad thing." fee Dai Siting that interest rate cuts alone may not be enough to sustain economic growth, the U.S. Congress may have to cut taxes to revive .consumer confidence, increased consumer spending. .From September 18 last year, counting, FED has cut interest rates three times the benchmark interest rate from 5.25% to 4.25%. .Next meeting will be January 29 -30 Monday. .</ P> <P> for the U.S. economy, Bloomberg News last month's visit to the median economist tune the 4th quarter of last year, up 1% (3rd quarter of last year's economic growth rate of 4.9%), while this year .estimated economic growth rate of 2.3%. .</ P> <P> Rogers: United States into severe economic recession </ P> <P> Rogers internationally renowned investment experts said that the U.S. economy is entering a recession, the value of the occasion of the global currency devaluation, investors should sell U.S. dollars. .</ P> <P> Rogers yesterday in Singapore, Bloomberg television interview that "there is too much Rong set of economic production, most recently the United States will enter a serious recession, while facing more money under the pressure of rising global inflation .. "</ P> <P> Rogers that the United States and the British government did not reflect the actual situation of inflation, he had to sell off their dollars and pounds. .</ P> <P> competing Zoubian the occasion of other currencies, the yuan Rogers is buying Swiss francs. .</ P> <P> FED officials: fear of negative factors reinforce </ P> <P> Atlanta Fed Bank President Dennis Lockhart said the U.S. economy is still growing slowly, he did not rule out the possibility of future interest rate cuts. .</ P> <P> Lockhart said, compared with inflation, at the moment he was worried about cooling the economy is worse than reality, fear of negative factors have strengthened the economy at risk. .Lockhart said: "I would not rule out the possibility of a rate cut. The next few weeks I will keep an open mind the interest rate decision." </ P> <P> for the U.S. housing market downturn, Lockhart that still need a few months of this year .time to determine the end or the stabilization of the housing market down, but not until next year. .</ P>.