The bank is expected to cut interest rates for the third time in two months.
For two years, interest rates can be cut to 5 percent, almost half current levels.
"So we think they will cut rates at their next meeting."
He cut rates in July 1990 for the same reason.
It's great to be out there saying you can cut rates by 45 percent.
Well, it is already June, and interest rates have not been cut.
But this time only the interest rates have been cut, and that has not worked.
Still, banks have cut some other interest rates over the last year.
Plus, interest rates will probably be cut by year's end.
How much more do you think the Fed will cut interest rates?
