Author:Stephen S.Roach is Chairman of Morgan Stanley Asia,serving as the Firm's senior representative to clients,governments,and regulators across the region Amid increasingly turbulent credit markets and ever-weaker reports on the economy,the Federal Reserve has been unusually swift and determined in its low- ering of the overnight lending rate.The White House and Congress have moved quickly as well,approving rebates for families and tax breaks for businesses. And more monetary easing from the Fed could well be on the way.
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