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Politics : Formerly About Applied Materials
AMAT 261.90+0.4%Dec 26 9:30 AM EST

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To: michael97123 who wrote (50854)8/20/2001 4:29:19 PM
From: Ian@SI  Read Replies (1) of 70976
 
I agree, "it's a crazy idea."

After telling the world that Economic conditions had improved sufficiently to only warrant a 1/4 point at the last meeting, it would be inconsistent to imply that Economic conditions have worsened such that 1/2 point is deemed best, but the outlook is so good that the bias is removed.

That kind of inconsistency is more likely to convince the market that the entire Fed board of governors has taken complete leave of their senses -- not something that would produce a favourable response, IMO.
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