``We do not know how financial markets will evolve, and we do not know how households and businesses will respond to financial developments,'' Kohn said in a speech in Philadelphia last week. ``We will need to be nimble in adjusting policy to promote growth and price stability.''
Stoneleigh...everything will be alright...Big Brother Ben has it ALL covered:
Bloomberg: Fed Left Plans for Further Cuts Dependent on Data
As the Fed follows the market, I fearlessly predict it will cut interest rates substantially :)