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Politics : Idea Of The Day

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To: IQBAL LATIF who wrote (21299)	11/8/1998 10:45:00 AM
From: J. P.	Read Replies (1) of 50167

RE: FOMC meeting November 17 What is your prediction, does the Fed decrease .25 (or .5?). Or do they hold steady. FWIW, I think they decrease .25 because they're more concerned with righting the yield curves on debt, and are willing to risk some over exhuberance on the equity side to do so. (P.S. what poetic justice that Newt Gingrich is politically forced out, and the Republican party is in total disarray after their months of triumphantly holding the executive branch hostage with the Ken Starr "investigation". There are some small justices in the world.)

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