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Pastimes : The Naked Truth - Big Kahuna a Myth
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To: bill meehan who wrote (44887)6/3/1999 3:07:00 PM
From: John Pitera  Read Replies (1) of 86076
 
interesting comments from Briefing.com

Word has it that Fed Gov Gramlich was so eager to blab about the worrisome price component of the NAPM that he spoke to reporters about it on the way in to his speech. Gramlich told the press that the increase in the May NAPM price component raises concerns for the Fed, and that the FOMC will have to "sort these things out" at the June 30 meeting. There has been a bit of reaction to Gramlich's hawkish comments, as the intermediate sector is taking a small hit.
Earlier today, Richmond Fed Pres Broaddus and Fed Gov Meyer were speaking. Broaddus pretty much repeated what he said last night (see the 8:10 ET ticker) and Meyer -- surprisingly -- spoke only about Y2K and banking regulation.
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