Some members felt "additional policy easing could well be appropriate"
but suggest there is only limited room for lowering FF rate further and
this should be done slowly. Such suggests consideration of uantitative
easing (details not specified). Fed cut its econ forecasts, to flat to
+0.3% GDP in '08 and +0.2% to +1.1% GDP in '09 and said there was
greater than normal uncertainty in the outlook. Also see unemployment
rising to 7.1%-7.6% in '09, with risks for a worse outcome.