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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 (9699)	11/5/1999 12:39:00 PM
From: Justa Werkenstiff	Respond to of 15132

Wally: Seems Summers is more worried about economies other than the US. No bad cops today <g>.

To: Wally Mastroly who wrote (9699)	11/5/1999 3:14:00 PM
From: Justa Werkenstiff	Respond to of 15132

Wally: How about this dude as a bad cop: Dallas Fed's McTeer on Fed's Interest Rate Policy: Fed Comment El Paso, Texas, Nov. 5 (Bloomberg) -- Comments by Federal Reserve Bank of Dallas President Robert McTeer on what will influence his decision on whether to vote to raise interest rates at the Fed policy meeting Nov. 16. ''So far this year, most of the backup in inflation has been in energy prices,'' said McTeer. ''Rising energy prices have brought the overall CPI up above the core.'' Still, he said, increases in wholesale prices in September aren't so easily attributed to energy prices. ''As a result, next week's inflation numbers on October are going to be very important in formulating my own position on the appropriateness of (interest rate) policy.'' McTeer was speaking at the Dallas Fed's conference on the North American Free Trade Agreement. McTeer is a voting member of the Federal Open Market Committee, which sets U.S. monetary policy. The FOMC next meets on Nov. 16. At its last meeting, it left the overnight bank lending rate at 5.25 percent and said it's leaning towards raising interest rates in the future. Nov/05/1999 11:50