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To: Henry Volquardsen who wrote (1743)6/11/1999 11:17:00 AM
From: Defrocked  Respond to of 3536
 
I agree with your assessment, Henry.
The Fed will discuss raising the target by
50 bps, but will only implement 25bps end of June.
The other 25bps can then be added between meetings (approved
in advance) after confirmation by telephone conference vote
if they want. That should satisfy both the hawks and doves.




To: Henry Volquardsen who wrote (1743)6/11/1999 11:20:00 AM
From: N  Read Replies (1) | Respond to of 3536
 
Introducing the formal announcement of a bias is just a more subtle way of beginning the process

Very well said. Of course, a signal is a signal! You know, HV, you're pretty good!

Thanks <eom>

Nancy


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