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Politics : Kenneth Starr denies his probe was politically motivated

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To: Les H who wrote (98)6/24/1999 6:12:00 PM
From: C Kahn  Read Replies (1) of 470
 
Les Horowitz, the federal reserve's monetary policy is not influenced by the republicans or the democrats. It's influenced by the economic conditions of the US economy. A 25% rate increase is already factored into the stock market. It is the general consensus of many "Wall Street Analyst's" that rising long-term interest rates will help slow down US economic growth, making it unnecessary for the fed. to tighten more than one time. Oops, sorry. I suppose ignorant democrats aren't supposed to understand these things.
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