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Strategies & Market Trends : MDA - Market Direction Analysis
SPY 671.910.0%Nov 14 4:00 PM EST

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To: pater tenebrarum who wrote (11025)4/14/1999 5:00:00 PM
From: Rui Zhang  Read Replies (1) of 99985
 
biz.yahoo.com

Fed may have to review interest rate stance-Meyer

WASHINGTON, April 14 (Reuters) - Federal Reserve Governor Laurence Meyer said on
Wednesday the U.S. central bank may have to review last year's cuts in key interest rates
should the economy refuse to slow down and labor markets tighten further.

Meyer, widely regarded as one of the central bank's most zealous inflation fighters, told an
economic conference the Fed risked unleashing dangerous inflation pressures that could be
difficult to reverse if it left rates at too low a level relative to rising growth and falling
unemployment rates.
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