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Politics : Formerly About Advanced Micro Devices

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To: TGPTNDR who wrote (131601)2/5/2001 7:21:52 PM
From: Scumbria  Read Replies (2) of 1570140
 
TGP,

the reason given was to slow inflation.

There hasn't been any inflation. The Fed raises interest rates to slow growth and increase unemployment.

Greenspan used to believe that unemployment below 5% was inflationary. He was proven wrong, as we have sustained unemployment levels in the 4% range for some time now.

Scumbria
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