Fed ready to cut interest rates

Fed Chairman Bernanke pledged to cut interest rates again to prevent housing & credit problems from plunging the country into a recession. He made clear the central bank was prepared to act aggressively to rescue a weakening economy, "We stand ready to take substantive additional action as needed to support growth and to provide adequate insurance against downside risks." Dow's up 70 & advancers are barely ahead of decliners. The words sound good, but problems will continue. Dec retail sales reports have been poor, Jan doesn't look to be much better.