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Non-Tech : Alan Greenspan and the FOMC: time to ease?
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To: Wallace Rivers who wrote (33)10/10/1998 1:57:00 PM
From: david jung   of 54
 
NBR: GARY GOODENOUGH, BOND PORTFOLIO MANAGER, LOOMIS, SAYLES & COMPANY: I think the Federal Reserve will ease 25 to 50 basis points next week. Over the telephone, I think 50 even is more likely, given the freezing, really the freezing up of the fixed income markets and even the equity market has been extremely weak. So, I think the Fed will have to act to unfreeze the markets.
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David
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