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Technology Stocks : Intel Corporation (INTC)
INTC 37.89-0.1%Nov 12 3:59 PM EST

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To: Road Walker who wrote (130564)3/22/2001 8:38:31 AM
From: GVTucker  Read Replies (1) of 186894
 
In today's Wall Street Journal, on the editorial page, there's a column entitled, "So You Thought the Fed Set Interest Rates?" It basically states that the Fed reacts to market rates, and if you want to look for any fault in the Fed, it was their overreaction in the winter of 99-00 to the Y2K scare. Outside of providing that excess liquidity, there really isn't much to complain about, because the Fed can only react to market rates.

It pretty much exactly parallels my thinking on the Fed, Greenspan, and interest rates.
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