I'm not sure, with the libor rate being sky high, that the fed can actually promise a rate cut....they do have to provide liquidity, and there is none in the system....who would lend to the us bank if the fed cut rates? Luckily, the dollar has held up.
Personally, I would like to see 50bp...even 75 but could this not choke off some struggling institutions? since the us is so heavily indebted....and the european rates are so much higher? Perhaps what would help, is if some of the european banks cut their rates.