Thanks to a sharp cut in interest rates engineered by the Fed, many economists expect the economy to be growing again, albeit slowly, by spring, which is the soonest any of President Bush's legislative proposals are likely to be enacted.
a) What major advantage of monetary policy over fiscal policy does this clipping underline?
b) How would the Fed have engineered the cut in interest rates?
c) If this policy is so good, why isn't it done more vigorously, more often?