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Politics : Ask Michael Burke

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To: Michael Bakunin who wrote (70319)	11/16/1999 3:17:00 PM
From: Michael Bakunin	Read Replies (1) of 132070

FOMC PR: bog.frb.fed.us "Although cost pressures appear generally contained, risks to sustainable growth persist. Despite tentative evidence of a slowing in certain interest-sensitive sectors of the economy and of accelerating productivity, the expansion of activity continues in excess of the economy's growth potential. As a consequence, the pool of available workers willing to take jobs has been drawn down further in recent months, a trend that must eventually be contained if inflationary imbalances are to remain in check and economic expansion continue." -mb

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