Despite three baby-step interest rate cuts, the Federal Reserve is as deflationary as ever.
We are taking this step so the reimbursement rate will be fair to taxpayers.
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In addition, several of the world's central banks, including the U.S. Federal Reserve and the European Central Bank, took the unprecedented step of synchronizing interest rate cuts to kickstart credit markets.
Business groups say that lowering the corporate tax rate is a good step to reaching this goal.
If the bond isn't redeemed, the investor usually receives a higher rate, or "step up, " giving the issuer incentive to redeem.
Up until recently many banks and other large companies had been toying with the idea of delaying bonuses from their traditional payout dates in January, February and March until after the April 6 step-down in the tax rate.
An obvious redistributionist step would be to increase the top rate of income tax, now 40%.
The U.S. unemployment rate took another baby-step down this morning according to the Labor Department, who say employers added just 88, 000 jobs last month.
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The approval came as the Fed also took the extraordinary step Sunday of lowering its emergency lending rate to financial institutions by a quarter-point to 3.25 percent.
Given the losses they have already suffered through the pound's fall, will they step up their purchases, especially as the growth rate of global foreign-exchange reserves is slowing?
The Fed's next step could be a cut in the fed funds rate, or, a move that hasn't been seen lately, a cut in the discount rate to make it easier for banks to swallow their pride.
If it chose not to take this draconian step, the Navy would be obliged to slow the rate of production and delivery of the 153 Trident II missiles currently authorized so as to minimize the adverse effects of shutting down the line entirely.
This will be the final step of a three-step increase enacted in the spring 2007, when the unemployment rate was 4.5%.
Choosing somebody who is intellectually first-rate for the Supreme Court would be a good first step.
The first step to savings is checking out various Web sites that attempt to rate and compare drugs on clinical effectiveness, similarities to others and even price.
The rate at which they miss interest payments, often an early step on the road to bankruptcy, typically lags behind other economic trends.
Letta said this week that the most important step would be to tackle the country's 11.6% unemployment rate, which has pushed many young Italians to leave the country.
Much of the ability of the private sector to step in with new employment positions will stem from a continuation of a soft rate policy from the Fed.
But you have to wonder whether it will also turn out to be another step towards a post-crisis world of monetary policy, where the nominal rate of inflation is no longer the target of choice.
In its August policy statement the Federal Reserve took the highly unusual step of putting a specific time frame for the continuation of its near zero interest rate policy.
On the other hand, a persistently high rate of inflation will discourage consumer spending as wages have not been rising in step with inflation.
The next step would be to prime the market by modifying their forward guidance on the federal funds rate while beginning to withdraw reserves from the system.
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The chancellor had already indicated that he would lower the main rate of corporation tax from 28% to 25%, but went a step further by reducing it to 24% by 2014-15.
"The Fed took a giant step towards enhancing the clarity and transparency of monetary policy by agreeing to include explicit interest rate forecasts in its quarterly projections, " said Paul Edelstein from consultancy IHS Global Insight.
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Rising rate environments are not all the same nor will all bonds perform in lock-step.
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The step faces several pitfalls, though, and could have unintended consequences, including an unstable exchange rate or a strengthening currency that hobbles the country's nascent export sector just as the country is re-entering the global economy.
Energy took an enormous step forward for the entire cleantech industry when it financed two fuel cell projects installed at electrical substations through the traditional rate setting process.
Now, there is one way you could drop the top rate to 25% (or perhaps 28%) and maintain progressivity, but it requires a step Ryan appears to have no appetite for: taxing long-term capital gains and qualified dividends as ordinary income.
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