Economist says Fed rate cuts haven’t helped economy

The Federal Reserve Board meets today and even though they’ve cut interest rates eight times this year already, one man who’s willing to predict they’ll do it again is Midwestern economist Ernie Goss.He says it’s the most aggressive round of rate cutting the Fed has taken since the recession of the early 1980s. Goss says eight cuts so far haven’t put the brakes on the economy’s slow downward slide so far. Goss is an economist at Creighton University in Omaha and this month reported that the terrorist attacks in New York and Washington are expected to reduce consumer spending, one factor that had been holding down inflationary pressures.