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To: GST who wrote (63955)6/22/1999 9:48:00 PM
From: BGR  Read Replies (1) | Respond to of 164685
 
GST,

1. I am not sure that I understand. The Fed is the US Central Bank.

2. I thought that the US Chamber of Commerce was the only one making noises, and that today Summers confirmed that Us policy remains unchanged (and that includes strong dollar). I must have missed the Rubin speech. If you can provide a pointer I would appreciate that very much (and that would put a different twist to the situation as well).

3. Yes, but that will also trash the Euro. Given that the EU is facing a recession, it is unlikely that the ECB will raise rates. It is safer to let Japan pump more money. In any case, they had earlier exhausted all fiscal stimuli and monetary ones have been suggested by the G7 for a long time.

-BGR.