More realistically, if the current credit crunch were to intensify, economic growth show signs of faltering and inflation disappear as a threat, the Fed would also have reason to cut rates.

• 更现实地来说，如果目前的信贷风险恶化，经济增长显示出动荡信号，通货膨胀危险解除，美联储也有理由削减利率。