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Pastimes : Clown-Free Zone... sorry, no clowns allowed

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To: Lucretius who wrote (16938)	9/8/2000 6:12:38 PM
From: patron_anejo_por_favor	Read Replies (1) of 436258

Mr. Moto's report is out...he takes exception to recent, bizarre statements by two Fed Governors: piraz.com The Fed has tipped it's hand, to me if no other, at an attempt to keep the calm where inflation is the topic. First, Mr. Poole on August 9th broadcast his notion that the Fed's anti-inflationary policy was working. Now, this week, Mr. Broaddus has issued a similar statement. Mr. Poole is a monetarist and often times a policy hawk, although he has also been occasionally indecisive. ( Not unlike some other people we know. ) Mr. Broaddus is a monetarist hawk who does not shy from speaking his mind. He opposed the Mexican bail-out and has issued strong statements in opposition of exchange rate intervention. That both of the Fed Bank presidents should issue unsolicited statements related to the success of Fed policy where inflation is concerned ... has me concerned.

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