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Pastimes : The Naked Truth - Big Kahuna a Myth -- Ignore unavailable to you. Want to Upgrade?

To: MythMan who wrote (46803)	6/14/1999 9:58:00 AM
From: Cynic 2005	Respond to of 86076

Dillweeds or Dellheads, what's the difference? -g- <<Nevermind - this part of the note has been deleted as figured out that I have screwed-up my fast.quote window.>>

To: MythMan who wrote (46803)	6/14/1999 11:29:00 AM
From: Cynic 2005	Respond to of 86076

Rate hike this month is a done deal. IMO. -------------------------- Monday June 14, 10:26 am Eastern Time US businesses wary of inflation risk--Fed's Guynn ATLANTA, June 14 (Reuters) - Federal Reserve Bank of Atlanta President Jack Guynn said on Monday business leaders in the U.S. Southeast are voicing concern over the inflationary risk that robust growth may pose to the American economy. ''I am hearing from business people... 'Jack, be careful, don't let it (healthy expansion) get away from us. When the time is right, be prepared to do what you need to do to keep inflation under control,'' Guynn told reporters after addressing the Carreker-Antinori conference on new banking technology. ''I take it to mean they would not...want to get back to the kind of inflation expectations that distorts (investment) behavior,'' added Guynn who is not this year a voting member of the Federal Open Market Committee (FOMC) that next meets on June 29 and 30. ''We are not making policy for Brazil or Korea, we are making policy for the United States,'' Guynn said when asked whether the global economic situation still was a concern at the Fed. Guynn pointed out Southeast Asian economies are recovering, the situation in Latin America turned out to be less serious than once feared while low interest rates in Europe should stimulate growth there. ''If you add it all up... some of that excess capacity that has been in some of those economies would be one of things we would not have in our favor (on the inflation side),'' Guynn said. The Atlanta Fed President also said Japan must do more in terms of reforms to insure a real recovery while it is too premature to say whether the euro will become a reserve currency.