The Fed Should Cut Interest Rates by 100 Basis Points

Stevie Forbes : "I believe the U.S. Federal Reserve should cut their key interest rate, now at 5.25 percent, by 100 basis points when it meets Sept. 18 to solve this ongoing liquidity crisis."

However, the Fed should make it clear that while they're going to solve the short-term crisis, they will, over the next year or so, start to mop up the excess liquidity.