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Technology Stocks : Dell Technologies Inc.

DELL 133.78

-0.1%

Nov 14 3:59 PM EST

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To: BGR who wrote (81803)	11/23/1998 8:53:00 AM
From: Lee	Read Replies (2) of 176387

Hi Apratim,..Re:.the US Fed's charter is to maintain price and job creation stability while the EMU's charter is price stability only. Actually, the Fed's charter is stable monetary policy which, in the long run, enhances job growth and output. See the following link for an explanation. bog.frb.fed.us Also, regarding your comment - As for central banks getting involved in currency arbitrage, what do you say about the US Treasury getting involved in dollar-yen exchange rate stabilization? Part of the job of maintaining price stability includes operations in the currency markets. See also the following link for a good explanation of mandate and operations. ny.frb.org The New York Fed also carries out foreign exchange market intervention, to help achieve dollar exchange rate policy objectives and to signal to the market that current market levels do not reflect what the monetary authorities believe is the true value of the dollar. Interventions by the Hong Kong Central Bank were also necessary to maintain orderly markets and the interventions were excellently timed to cause the maximum discomfort to speculators right at futures and options expiration. Regards, Lee

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