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Technology Stocks : Alteon WebSystems Inc-(ATON) -- Ignore unavailable to you. Want to Upgrade?

To: Smart Investor who wrote (312)	10/26/1999 5:10:00 PM
From: KENNETH DOAN	Respond to of 414

ECONOMY-FED-POOLE-INFLAITON ECONOMY-FED-POOLE-INFLAITON MARTIN, Tenn., Oct 26 (Reuters) - St. Louis Federal Reserve President William Poole said Tuesday he sees no imminent threat to the U.S. economy from rising prices. "I certainly don't see any immediate threat," Poole told reporters after addressing a conference at the University of Tennessee. "But the issue of inflation is one we are always watching very carefully, so we are following the numbers very closely," he said. Poole, known as a monetarist with a hawkish outlook, sounded a little more upbeat on inflation than some of his colleagues. Richmond Fed President Alfred Broaddus earlier cited an uptick in anecdotal evidence of wage pressures in his district, while San Francisco Fed President Robert Parry said certain factors holding price gains in check are now abating. Poole said cross-currents are at play and are having conflicting effects on the price outlook. On the one hand, computer prices are still falling, while oil prices are rising. He called last year's plunge in oil prices to around $10 a barrel a "temporary phenomenon" "We have returned to more expected longer-run levels for oil," he said. Poole currently is not a voting member of the Federal Open Market Committee, the Fed's policysetting group.