Bankers and economists generally welcomed the move today but said they were skeptical it would have much effect on bank lending or on the economy in general.

The Bush Administration and many private economists welcomed the latest G.N.P. report, which showed a further slowing in personal spending and an uptick in personal savings.

Far from being alarmed, most economists welcomed signs that the strong growth of earlier this year, and its potential for inflation, might be easing.

While economists welcome a corporate cut, many say the tax structure itself is in need of a fix.

The fourth-quarter pace was about twice as fast as could be sustained without causing inflation to heat up, and economists generally welcomed today's report.

Still, many economists who share Mr. Reischauer's view would welcome a slowdown in growth.

Private economists generally welcomed the Fed's actions today, but many of them attributed the decisions as much to politics as to economics.

Some economists welcome this as a healthy sign that farmers are becoming more entrepreneurial.

Still, economists welcomed the news, which comes at a critical time of tremors caused by the recession, the terrorist attacks on Sept. 11 and the ensuing war in Afghanistan.

Some economists welcomed Mr. Bush's action as a modest step in the right direction.