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Politics : Formerly About Applied Materials

AMAT 230.17

-1.5%

3:59 PM EST

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To: Jacob Snyder who wrote (52505)	9/19/2001 11:49:49 AM
From: Sam Citron	Read Replies (1) of 70976

[AG's] recent statements, and even more so his actions, tell me he currently sees zero inflation risk, none at all The one statement that you have to support this contention came from the FOMC on 9/17: "For the foreseeable future, the Committee continues to believe that against the background of its long-run goals of price stability and sustainable economic growth and of the information currently available, the risks are weighted mainly toward conditions that may generate economic weakness." federalreserve.gov They also stated: "The Federal Reserve will continue to supply unusually large volumes of liquidity to the financial markets, as needed, until more normal market functioning is restored. As a consequence, the FOMC recognizes that the actual federal funds rate may be below its target on occasion in these unusual circumstances." ibid federalreserve.gov The first public testimony from AG since 9/11 will be tomorrow. Let's all listen closely to what he has to say. Sam

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