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Pastimes : The Justa & Lars Honors Bob Brinker Investment Club
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To: MrGreenJeans who wrote (13966)5/27/2000 4:16:00 PM
From: Justa Werkenstiff  Read Replies (1) of 15132
 
MGJ: Re: " I believe what you really mean to say is that the Federal Reserve wants to see what their previous rate increases have done first and not be too quick to
raise rates too quickly because another 1/2 point increase may cause the economy to tumble into a recession in the next year or so."

Good point. What I really should have said <g> is that the Federal Reserve Board may want to step back after doing a 50 basis point move to give the economy a chance to show in real time that another such action is not warranted.
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