in 2-4 sentences each question based on reading: 1. In this article, what group is making changes? 2. What changes were made? 3. How does that help the economy? 4. What is this an example of, monetary or fiscal policy? How? Reading: Fed slashes key rate to 3.5% Citing weakening economic outlook, Federal Reserve makes biggest cut in nearly 24 years - three quarters of a point. By Paul R. La Monica, CNNMoney.com editor at large January 22 2008: 12:02 PM EST NEW YORK (CNNMoney.com) -- The Federal Reserve slashed two key interest rates by three-quarters of a percentage point Tuesday following an unscheduled meeting, citing continued concerns about a weakening economy and turmoil in the financial markets. The Fed lowered its federal funds rate, which impacts how much consumers pay on credit card debt, home equity lines of credit and auto loans, to 3.5 percent from 4.25 percent. The rate cut came more than a week before the Fed's next regularly scheduled meeting, a two day session that concludes on Jan. 30. Some market observers think the Fed will cut rates again at this meeting. The Fed also lowered its discount rate, which is what it costs banks