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Pastimes : Clown-Free Zone... sorry, no clowns allowed
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To: NOW who wrote (61298)1/24/2001 4:18:54 PM
From: patron_anejo_por_favor  Read Replies (1) of 436258
 
<<The dollar also got a lift against the euro from comments by William McDonough, president of the Federal Reserve (news - web sites) Bank of New York>>

I was thinking about Jack Guynn's comments from earlier this week, proclaiming "all is well". The Fed has a habit of trotting out the underlings to trumpet the party line before they make their move. We saw the same thing before the panic rate cut when we were hearing how speedily the economy is slowing. Could it be that in light of the massive return of speculation in the markets, that BubbleBoy ISN'T going to step on the gas as hard as many would like come FOMC time (ie, 25 or NO basis points cut vs, the generally anticipated 50)? I wonder if that's what all the bland reassurance is about....(probably not, they're probably scared $hitless, but one must consider other possibilities)....
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