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Technology Stocks : Compaq
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To: JDN who wrote (79412)3/13/2000 9:24:00 AM
From: Lee  Read Replies (1) of 97611
 
JDN,..Re:.if you read the charter for the Federal Reserve System it was set up to PROTECT the value of the Dollar. I recall nowhere it mentioning inflation.

JDN, what happens to the value of your money if we get widespread inflation? <g>

bog.frb.fed.us
Responsibilities
The primary responsibility of the Board members is the formulation of monetary policy. The seven Board members constitute a majority of the 12-member Federal Open Market Committee (FOMC), the group that makes the key decisions affecting the cost and availability of money and credit in the economy.

Cheers,

Lee
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