Fed Cut Econ Blogger Reax

Matt Cooper and Larry Kudlow both like the three quarters of a point cut. James Pethokoukis says it's good for Bernanke's image. Felix Salmon is more skeptical:

Now the Fed is charged with keeping employment high and inflation low; it's not charged with protecting the capital of investors in the stock market. So this action smells a bit like panic to me, and it might also have prevented the kind of stomach-lurching selling which could conceivably have marked a market bottom. I have to say I don't like it.

My worries here.