The Fed, which started ratcheting down rates last September, halted the campaign in June, citing ...WASHINGTON — The Federal Reserve's most aggressive rate-cutting campaign in decades so far has failed to lift the country out of its economic doldrums. When you're on the look out for a new home, you need cash. A lot of it. Most homes today have down payments that are more than what the buyer can afford right then and there. The solution for this? A .