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To: accountclosed who wrote (65710)10/1/1999 10:58:00 AM
From: Ken98  Respond to of 86076
 
UFB, to have that speech after today's economic numbers. If anyone thinks the Fed is anything but asymmetric they are crazy!

<<N.Y. Fed chief - 4 pct GDP growth sustainable now
NEW YORK, Oct 1 (Reuters) - Federal Reserve Bank of New York President William McDonough said on Friday he believes the U.S. economy can grow at about a 4 percent pace right now without generating inflation.>>



To: accountclosed who wrote (65710)10/1/1999 11:49:00 AM
From: bill meehan  Read Replies (1) | Respond to of 86076
 
AM, using my vast knowledge of simple math it appears as if Q3 growth may top his comfort level by 25%. No doubt he'll see that as sustainable also. We should at least be able to grow as fast as China claims to, what with the productivity miracle. After all it is a new era. Would you like more credit with your burger, sir? <g>


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