Clown-Free Zone... sorry, no clowns allowed Message Board

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

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To: pater tenebrarum who wrote (17587)	9/12/2000 11:59:05 AM
From: Ken98	Read Replies (3) of 436258

But McClown says rates are headed down: <<Fed's McTeer says U.S. rates could head lower-report TUESDAY, SEPTEMBER 12, 2000 8:45:00 AM EST NEW YORK, Sept 12 (Reuters) - U.S. interest rates could start to move lower soon as inflation slows, Federal Reserve Bank of Dallas President Robert McTeer said in a newspaper interview published on Tuesday. "Once we get over the energy hump, I wouldn't be surprised if inflation declines and interest rates are going to come down," McTeer, a non-voting member of the Fed's rate-setting committee, was quoted as saying in the Wall Street Journal. McTeer is the Fed's most outspoken champion of the New Economy, maintaining that technological advances which have boosted productivity enable a much faster pace of sustainable non-inflationary growth than central bankers thought possible just a few years ago. He told the newspaper that market rates, such as the 10-year Treasury note, could be the first to fall, adding that the "federal funds rate probably won't lead" market rates down but will eventually follow.>> You've got to give the guy an "A" for consistency at least...

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