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To: xbrent who wrote (3109)	8/5/1999 2:11:00 AM
From: Joseph Silent	Read Replies (1) \| Respond to of 10027

Xbrent....... Regarding the strength of the dollar.....exactly what is the position of the Fed? I sense that they want some kind of a balance. Too strong a dollar means that international trade goes sour one way, and too weak a dollar means we get hit the other way. So the question is what do they expect of the dollar, and how much of a decline in its value is enough for the Fed? I suspect that the interest rate maneuvers are in some (large?) measure governed by currency questions. Any insights are appreciated. Thanks, Joseph