He calculates that a 10% drop in the euro has the same impact on growth as a one percentage-point cut in interest rates (assuming that long-term rates also adjust).
The cut Wednesday comes less than one month after another half-point cut, that time coordinated with central banks around the globe.
FORBES: The prime rate will come down, but loans won't go up.
England play a seven match one-day series in India, with the cut-off point for automatic Champions Trophy places to be confirmed after the second match.
At one point, 38-year-old Jerry Stackhouse cut to the basket and dunked over two defenders.
Anthony missed 19 straight 3-pointers before hitting a big one as the Knicks stopped the Celtics' frantic rally that cut a 26-point deficit to four in the final period of Game 6.
Prime lending rates have fallen one percentage point since June, including a half-point cut Nov. 2.
The one-year, 2.0 percentage point Social Security tax cut was enacted a year ago as part of a package that also extended 99-week unemployment benefits for a year, and postponed the expiration of the Bush income tax cuts for two years.
FORBES: Don't Extend The Ill-Conceived, Evil Payroll Tax Cut
Leicester just about kept Miles Benjamin out, and their resilience was rewarded when Flood cut the gap to one point during first-half injury-time despite his side being down to 14 men with Jordan Crane in the sin-bin.
After losing money, it cut its break-even point from two-thirds of capacity utilisation to one-third.
Second-placed Werder Bremen can cut the gap on Jupp Heynckes' unbeaten side to one point with victory at Cologne on Sunday, having been joined on 27 points by Bayern Munich -- who defeated Borussia Moenchengladbach 2-1 on Friday night.
Real can now cut the champions' league lead to just one point by winning at home to third-placed Valencia on Sunday night, after which there will be five rounds to play.
Those factors point to the possibility of an interest-rate cut, and Bernanke dovishly raised the prospect of one, but investors seem to have grown tired of waiting.
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