Lehman's Harris sees Fed cutting rates to zero

NEITHER the housing market nor consumer spending in the US are likely to recover before the end of next year, which means that the Federal Reserve will need to cut interest rates again, possibly to zero, Lehman Brothers chief US economist Ethan Harris predicted yesterday.

Source: http://business-times.asiaone.com/mnt/html/btpre/registration/redirect.jsp?dlink=/sub/news/story/0,4574,279118,00.html?