Another Fed rate cut?

In a report on cnnmoney.com, the Federal Reserve Governor implies that there will be another fed rate cut in the future. So what does that do the economy? The whole purpose of a rate cut is to spur on economic growth.  A rate cut will put a jump in the stock market, making lending more affordable, raise oil prices, and cause the dollar to decrease in value. Investors are betting that the rate will be cut by another 1/4%.  Unfortunately, we have a few weeks to find out what the Fed will do. The Fed will make their announcement on December 11.