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To: almaxel who wrote (32378)	5/28/2000 4:52:00 AM
From: JDN	Read Replies (1) of 64865

Dear Ralf: Battipaglia's comments are exactly in line with my thoughts. My only reservation is the FED. I think they SHOULD be done, but I also think egos or something appear to be getting in the way of good judgement. I have to presume that at this time, more for face saving than need, a minimum 1/4 pt increase will take place in June. IMHO the FED has shown itself to be no different than the rest of our beauracracy. They answer to know one and they think they know it all. Time after time it is shown we do NOT have serious inflation YET they got this hard on about people being able to secure a good job and reasonable wage. JDN

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