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Politics : Idea Of The Day
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To: James Strauss who wrote (34065)10/3/2000 12:32:15 PM
From: Peace  Read Replies (1) of 50167
 
Jim,

The fed officially did away with their bias. The bias is now more of an interpretation of their statements. If the fed says that they are still vigilant wrt inflation like they did the last time then the bias is still there. On the other hand if they say something like inflation is contained and risks have abated etc then they are implying a neutral stance.

Peace
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