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To: GST who wrote (63947)	6/22/1999 9:30:00 PM
From: BGR	Read Replies (2) \| Respond to of 164685

GST, By the same logic, the Fed should leave interest rates to the market, right? Now, had the Fed not lowered interest rates last Fall, that would have had serious negative influence on the world economy. The Central Banks are mandated to do certain things, not wholly w/o reason IMO. Remember, when a country wants to deflate its currency, it faces some serious challenge. When it wants to inflate, no problem, just increase supply. Of course, in response other countries may increase supply as well, but the EU won't do that. So that leaves the Fed. Does that mean upward pressure on US indices? This question is rhetorical, of course. The US is cooperating with Japan in this case. Remember when the US wanted to inflate the dollar from the 150 yen neighbourhood? That was wildly successful. -BGR.