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To: John Hunt who wrote (16322)	9/2/1998 5:42:00 AM
From: John Hunt	Read Replies (2) of 18056

Why The Fed Can't Just Go Out And Cut Rates nypostonline.com << But in the weeks ahead, there will be more calls for Fed action. So why doesn't the Fed just step up and cut rates? Because the Asian crisis makes such a move a lot more complicated than it has ever been in the past. And the political situation in Washington - which, remember, is an unknown for the Fed - could make this common tactic uncommonly dangerous..... >>

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