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Non-Tech : QQQ - Nasdaq 100 Trust

QQQ 611.67

-1.9%

Nov 6 4:00 PM EST

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To: M CAHILL who started this subject	7/24/2001 11:00:41 AM
From: Savant	of 840

OT..Anyone ever hear of an 'inflation adjusted interest rate'? Isn't that almost like an 'inflation adjusted rate of inflation'? I suppose there is some logic to it. I like the part about the senator giving Greenspan...'credit'.. ===== Sarbanes plans to ask Greenspan about inflation-adj fed funds rate By Edward Kean Washington, July 24 (BridgeNews) - Senate Banking Committee Chairman Paul Sarbanes Tuesday said he would ask Federal Reserve Chairman Alan Greenspan about the inflation-adjusted level of the Fed's federal funds rate target during Greenspan's testimony before the Senate panel. * * * In his opening statement at a hearing on the Fed's semi-annual monetary policy report, Sarbanes, D-Md., said the real federal funds rate is still "well above" levels that prevailed during the last economic downturn about 10 years ago. Sarbanes gave the Fed "credit" for lowering interest rates repeatedly this year in an attempt to counter the economic slowdown. The economy is still under pressure, Sarbanes said, while inflation appears to be "under control." Greenspan will read his formal statement to the committee shortly and then answer questions from the Senate panel. Separately, Sen. Jim Bunning, R-Ky., a committee member who has been critical of Greenspan, said Tuesday that the Fed "waited too long" in moving to lower interest rates. Bunning also said the Fed's last interest rate cut in June should have been one-half point, instead of one-quarter point. End

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