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Politics : Ask Michael Burke

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To: Knighty Tin who wrote (51308)3/11/1999 1:47:00 AM
From: Copeland  Read Replies (2) of 132070
 
Earlie, I would hope this runaway market would scare the Fed Chairman into doing something. MB

He did try something. On Monday he had a reserve board member comment in the afternoon that that the Fed could raise rates at any time -- in other words without the continued release of strong economic data first:

biz.yahoo.com

It looks like the market saw right through that scare tactic. The sentiment appears to be that Greenspan won't let the market fall on his watch.
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