Hence the decision to slash rates on January 22nd, in response to a global sell-off.
But now hospitals are finding they can slash rates of killer infections by 50% or more by changing how they do things.
Some lay the housing boom of 2003-06 at the Fed's door, others criticise the central bank's tendency to slash rates whenever the financial markets wobbled.
So at risk is Britain's economy that some analysts have reportedly suggested that the Bank of England could slash rates all the way down to zero.
Investors will have it in mind during the next boom that governments will rescue the largest banks, slash rates, intervene in the markets and run huge deficits.
With inflation higher than they would like, the central bankers are in no hurry to slash interest rates.
The Fed must dramatically ease the supply of credit and slash interest rates.
But the panel will have the power to slash reimbursement rates for Medicare providers including both physicians and drug firms.
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He points out that, if Wall Street crashed and the American economy threatened to slump, the Federal Reserve would doubtless slash interest rates.
The Fed has thereby fostered the impression that it will slash interest rates when share prices fall sharply, but not increase rates when they shoot up.
But he is coming under great pressure, not least from within his Workers' Party, to slash interest rates and ramp up public spending to boost the economy.
The recent roll into recession has kept inflation down and allowed the Federal Reserve to slash interest rates to practically zero in an effort to revive the economy.
It has been the government's success in meeting its fiscal targets so far that has let it slash interest rates, allowing a speedy economic recovery from a deep recession.
Not only has the currency's strength helped to hold down American inflation, but a collapse would make it harder for the Fed to slash interest rates if the economy were to slow more sharply than expected.
During tough economic conditions, credit card companies can always slash interest rates in order to entice customers into using their credit cards more often, but this will mean less money generated from the credit used by consumers.
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Thatcher also immediately began to slash income tax rates, rein in galloping spending and fight inflation.
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Higher tax rates slash the incentives for increased production by reducing what producers can keep out of what they produce.
Obama hasn't made such a pledge, and Furman won't say by how much or when Obama might slash corporate tax rates.
Some are calling for the Fed to slash American interest rates less because America needs an immediate boost than because the world at large does.
If only everybody would slash capacity rather than rates ie, write less business at higher rates when times get hard then returns would be steadier.
To inoculate our economy against the global economic virus, the Federal Reserve should slash short-term interest rates immediately.
He says he would slash wasteful public spending, leaving room for interest rates to fall (the Central Bank's benchmark rate is 10.25%).
That would slash deductions, credits, tax exclusions, and preferential rates by nearly 30 percent.
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His biggest claim to fame was the so-called Ryan Budget, which sought to slash the government budget by trillions of dollars and cap tax rates.
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