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Technology Stocks : Dell Technologies Inc.
DELL 133.78-0.1%Nov 14 9:30 AM EST
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To: stock bull who wrote (141626)9/8/1999 4:46:00 PM
From: jhg_in_kc  Read Replies (3) of 176387
 
ANOTHER FED STOOGE SPEWS HIS VENOM. THE INTIMIDATION CONTINUES.<Fed Governor Laurence Meyer said Wednesday the tight U.S. jobs market may fuel inflation but left it open whether he thought the central bank should raise interest rates soon to counter that threat.

Addressing the National Association for Business Economics, Meyer credited rising levels of U.S. productivity for having helped to keep price pressures in check even in the eighth year of an unbroken expansion. But he warned the economic outlook was so uncertain that the Fed's next moves would depend on whatever economic data it will get its hands on.

''As the favorable price shocks dissipate or reverse and once trend productivity growth stabilizes, there is a risk that excess demand in the labor market will put the economy on a path of rising inflation, unless growth slows enough to unwind the excess demand before inflation begins to move upward,'' Meyer said.

Meyer -- -- widely seen as the most conservative member of the Fed's top brass -- added it was his ''major concern'' that inflation could tick up ''even if growth slows to trend ahead''.

Financial markets took his comments as increasing the likelihood of yet another increase in interest rates when Fed policymakers meet on Oct. 5. U.S. stock prices fell, and inflation-sensitive bond prices reversed some earlier gains
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