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Pastimes : Clown-Free Zone... sorry, no clowns allowed
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To: timers who wrote (95677)4/18/2001 12:30:32 PM
From: pater tenebrarum  Read Replies (1) of 436258
 
true. this WAS a surprise. the continued ad hoc policy of the Fed also helps to increase the ECB's credibility...but then again the ECB doesn't have to combat one potential crisis after another.

of course the official propaganda spin is exactly the opposite...the Fed is portrayed as "proactive" and the ECB as "sitting on its hands". i know which CB i trust more with looking after its currency...
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