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Technology Stocks : JDS Uniphase (JDSU)
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To: t2 who wrote (18450)2/13/2001 10:24:18 PM
From: bodie  Read Replies (1) of 24042
 
Hello T2. If you already covered this, I apologize. Was their something specific in his testimony that makes you think he will do an intrameeting rate cut? Based on the following testimony, I am not optimistic about an intrameeting cut: "The apparent weakness so evident in a number of economic indicators ... apparently did not continue in January," he said. "He's trying to do two things in his testimony," said Irwin Kellner, chief economist for CBS.MarketWatch.com and the Weller professor of economics at Hofstra University. "He's trying to bolster consumer confidence and dampen expectations about how much and when rates will go down."

cbs.marketwatch.com

bodie
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