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Politics : Ask Michael Burke

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To: Freedom Fighter who wrote (57510)4/26/1999 10:21:00 PM
From: Giordano Bruno  Read Replies (1) of 132070
 
Another nod and a wink : NEW YORK, April 26 (Reuters) - Federal Reserve Bank of New York President William McDonough said on Monday the odds of a severe stock market drop hurting the U.S. economy are low.

''The likelihood of a serious problem coming to the U.S. economy from the stock market is possible but not very high,'' McDonough said when asked about the impact of the U.S. stock market on the U.S. economy..

McDonough was addressing the Lincoln Center Business Council here.
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