"Well, I think as long as people are talking about stimulus, I think the Fed will be thinking about cutting rates because monetary policy is the better way to go because you can turn it on and turn it off"

Franklin Raines is recommending that the Federal Reserve ought to think about cutting rate of interest as a method to stimulate the economy. He thinks that monetary policy is the better alternative for stimulating the economy because it can be adjusted rapidly and easily. Raines is implying that the Fed must concentrate on cutting rates rather than other kinds of stimulus, such as financial policy, due to the fact that it is more effective and efficient. He believes that as long as individuals are discussing stimulus, the Fed needs to be looking at cutting rates as a method to assist the economy. This quote highlights the significance of monetary policy in stimulating the economy and the requirement for the Fed to be proactive in reacting to economic conditions.