Fed policy shift stirs debate on economic policy

The Federal Reserve's warning on Tuesday that the economy was rapidly losing steam stirs the pot in a simmering debate between the Clinton administration and President-elect George W. Bush's team about whether a new prescription for growth is needed.

Not only is part of the Clinton White House's legacy at stake but so is a cherished goal of the incoming Bush administration, pushing through broad-based tax cuts that would be a centerpiece of its economic direction. Somewhat ironically, it pits