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Gold/Mining/Energy : Gold Price Monitor
GDXJ 128.07+0.7%Jan 16 4:00 PM EST

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To: PaulM who wrote (20436)10/2/1998 3:03:00 PM
From: Alex  Read Replies (1) of 116892
 
Fed declines comment on rumor of emergency meeting

WASHINGTON, Oct 2 (Reuters) - The Federal Reserve on Friday declined to comment on rumors that surfaced in financial markets of a possible emergency meeting of policymakers.

''As a matter of policy, we don't comment on these things,'' Fed spokeswoman Lynn Fox said.

The rumors hurt U.S. stock prices as talk circulated the Fed might be discussing potential liquidity problems related to hedge fund Long-Term Capital Management.

biz.yahoo.com
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