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Pastimes : The Justa & Lars Honors Bob Brinker Investment Club -- Ignore unavailable to you. Want to Upgrade?

To: Wally Mastroly who wrote (8717)	9/21/1999 2:55:00 PM
From: Wally Mastroly	Respond to of 15132

* FED Watch * - One-more-time on the Fergy-front: biz.yahoo.com Fed's Ferguson sees balanced risks to U.S. economy PITTSBURGH, Sept 21 (Reuters) - Federal Reserve Governor Roger Ferguson said on Tuesday the risks to the U.S. economy were evenly balanced. ''I think the risks are relatively evenly balanced at this point,'' he told reporters after giving a speech at Carnegie Mellon University. ''There are risks on both sides. Labor markets are quite tight and continue to be tight. The world economy is clearly healing, but there is more to do,'' Ferguson said. Ferguson said rising commodity and oil prices made it crucial for the central bank to remain vigilant about the potential for rising inflation. ''It is important for us to continue to be vigilant to see whether or not any of these influences spill over into the U.S. economy,'' he said. Fed policymakers next meet on Oct. 5 to decide whether they should raise U.S. interest rates for a third time this to reduce the risk of future inflation in the booming economy. Ferguson, who has been nominated to become the Fed's next Vice Chairman, earlier this month said his mind was ''certainly not closed and not made up'' about the future direction of U.S. rates.