The Fed again cut interest rates by 0.5 percentage points to save the economy.

<P> U.S. Federal Reserve Board (Fed) decision 30, the federal funds rate, which commercial banks to further lower the overnight lending rate by 0.5 percentage points, from 3.5% to 3.0%. .</ P> <P> It http://finance. Hearing, which is the Fed to stop the recession happened since September last year, the fifth rate cut, so that interest rates fell by a total of 2.25 percentage points. .This is also the Federal Reserve emergency rate cut on March 22 following the 0.75 percentage point more than just a week after the second consecutive rate cut. .</ P> <P> the Fed said in a statement that the rate cut with several previously taken action to cut interest rates, should help promote moderate economic growth and reduce economic growth faces downside risks. .However, downside risks to economic growth still faces. .The Fed will continue to assess other aspects of the financial markets and the impact of the economic outlook, and when necessary to take timely measures to cope with risk. .</ P> <P> cut interest rates in explaining the decision the day when the statement that the financial market is still very difficult for businesses and households to tighten credit further. .Contraction of the housing market deepened, to some extent weakness in the labor market. .Meanwhile, the Fed estimated that inflation in the next few quarters can be eased, but that must continue to closely monitor inflation developments. .</ P> <P> the Fed discount rate that commercial banks will be the day the Federal Reserve Bank of borrowing short-term interest rates paid on loans by 0.5 percentage points lower, interest rates dropped to 6.0%, the lowest since the spring of 2005 points .. .</ P>.