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Politics : Ask Michael Burke

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To: Mike M2 who wrote (71264)	12/2/1999 10:14:00 AM
From: gnuman	Read Replies (3) of 132070

Mike, a change in sentiment for the Fed? I'm getting the sense that sentiment is rapidly changing in favor of further rate increases. On CNBC yesterday the chief economist for Lehman Bros changed his tune and is now asking the Fed to raise again. An interesting column in today's Washington Post by Robert Novak, "Greenspan's Revenge?", (which I can't seem to pull up off the web site). It starts, "From the inner recesses of the Federal reserve Board comes credible word that Alan Greenspan has changed sides. Does President Clinton's failure to clearly signal a fourth term for the Fed Chairman mean Greenspan will apply the brakes to the economy?" While the article implies Greenspan wouldn't allow his personal "pique" to guide his policy, friends of the Chairman say it has influence on his policy direction. The article speculates that if Gore gets in he would appoint Rubin, and Greenspan isn't ready to retire.

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