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Strategies & Market Trends : MDA - Market Direction Analysis
SPY 689.17+0.2%Dec 11 4:00 PM EST

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To: Les H who wrote (50732)5/15/2000 3:39:00 PM
From: Haim R. Branisteanu  Read Replies (2) of 99985
 
Less, so what if the FED knows there is inflation? The FED is not an independent body any more and there is tremendous political pressure on each member not to mention the pressure from WS and the commercial sector.

They will do what ever the pressure will dictate and cover their behind.

As of now the FED is well behind the curve and responds to market demands, and not as an independent body with a long term view.

BWDIK
Haim
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