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To: Sonny McWilliams who wrote (29371)	8/13/1999 3:38:00 PM
From: DOUG H	Read Replies (1) \| Respond to of 41369

I wonder if A.Greenspan would still look very foolish if he did not raise interest rates? Intl. markets are still uneasy about what US will do with interest rates. >>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>> Sonny, I don't think AG cares how he looks. However, as you have cited, considering the global picture, if the C.P.I. on Tuesday doesn't reflect inf. at the comsumer level I think he will accept that and say, Not now, however we remain vigilant." Market rates have cut the legs out of the re-fi biz. A slight increase in interest rates can put the brakes on shaky projects from business and consumers.