Apparently, the Fed's clueless leader Warsh has decided to defy all logic and expert predictions by cutting interest rates in a last-ditch attempt to keep the economy from imploding. Meanwhile, traders are left scratching their heads, wondering how this guy got his job in the first place. The current rate is already a joke, hovering between 3.5% and 3.75%, but Warsh thinks dropping it further will magically solve all problems. Yeah, because that's worked out so well in the past...