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Strategies & Market Trends : Angels of Alchemy

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To: SirRealist who started this subject	12/15/2000 11:47:22 AM
From: Harry_Behemoth	Read Replies (1) of 24256

Greenie sending us a message? Ex-Fed's Rivlin sees Fed shifting to neutral but no rate cut Tuesday By Edward Kean, BridgeNews Washington--Dec. 15--Former Federal Reserve Vice Chair Alice Rivlin said Friday she expected the Fed to shift to a balanced view of the economic risks at its monetary policy meeting Tuesday, but will refrain from cutting interest rates at that time. * * * In an interview on CNBC, Rivlin said it would be better to try to stimulate the economy through lower interest rates than resorting to a tax cut. Interest rates work faster than a tax cut and would do more to boost investment, while a tax cut would tend to spur consumer spending, she said. She said there is "plenty of room" to lower interest rates, if such action proves necessary. Most analysts expect the Fed to abandon its prior view that inflation remains the greater risk when it meets Tuesday, but refrain from cutting interest rates until early next year amid signs that economic growth is slowing significantly. End

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