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Technology Stocks : Intel Corporation (INTC)
INTC 36.45+3.8%10:43 AM EST

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To: jmac who wrote (86170)7/26/1999 11:21:00 PM
From: Fred Fahmy  Read Replies (1) of 186894
 
Jmac,

<He just happened to be in the right place at the right time to be the head of the FED when the economy just won't quit.>

I think he deserves credit for the bold and decisive rate cuts he took last year when the global economy was threatening our prosperity. He took a lot of flack from AG critics on the opposite end of the spectrum who thing he has been too loose with monetary policy.

I do agree that he does seem to step beyond what falls under his jurisdiction. IMO, his continued monologues on the valuation of the markets is not in his job description.

FF

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