Go Big Or (Don't) Go Home: Fed Cuts Prime Rate By 50 Basis Points

<![CDATA[Looks like the Federal Reserve doesn't like the latest jobs reports any better than others do -- at least others outside the White House. In an 11-1 vote, the Fed cut its lending rate by 50 basis points rather than the usual 25, pushing it back down to between 4.45-5.0%. That matches up with expectations over the last few days by economists hoping that the Fed would take more aggressive action to prevent a collapse in job creation.]]>