FED TALK Message Board - Msg: 15430205

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Pastimes : FED TALK

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To: Jeff Jordan who wrote (76)	3/1/2001 9:14:06 AM
From: Kelvin Taylor	of 94

yeah I am. but I have to say this down turn hasn't been all bad. I started going short last month so that has been my saving grace. If there was any doubt about the Fed going to far last year with rate increases todays consumer confidence and homes sales are proof. They have no choice now but to be aggressive with the rate cuts perhaps even 75 basis points now. ``I think that most folks agree with that -- that the Fed is behind the curve,'' said Robert Stovall, analyst at Prudential Securities. ``The Fed was worried about inflation when it should have been worried about growth.'' The Fed cut interest rates by a full percentage point in January, but investors have been clamoring for more as the economy slows and a slew of companies have confessed their earnings will not meet expectations. dailynews.yahoo.com.

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