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To: kendall harmon who wrote (71316)	11/14/1999 11:23:00 AM
From: kha vu	Read Replies (1) \| Respond to of 120523

<<<Blinder Says He Doesn't Expect Rate Hike November 9, 1999 7:41 PM EST By Emily Burg Correspondent Since you won't get a response if you ask Fed Chief Alan Greenspan for his take on interest rates, you might as well ask Alan Blinder, who served as Greenspan's right-hand man as vice chair of the Fed from June 1994 to January 1996. We caught up with Blinder, currently vice chairman of the G7 Group, over lunch at the US Bancorp Piper Jaffray Financial Services Conference Tuesday in New York. We asked him for his opinion on interest rates, the US economy and more. Here's a transcript of that interview. Worldlyinvestor.com: Will the Fed raise interest rates or not? Blinder: I believe that the data that has been coming in recently has given the Fed the luxury of skipping a rate increase next week. I think, as the Fed will weigh the pros and cons, the arguments in favor of passing (on a rate hike) this time are in my mind much stronger than the arguments for raising (rates). After that, Y2K worries -- hopefully nothing will happen -- but there's enough anxiety in the financial markets, enough illiquidity already developing, to pretty much rule out a December rate hike. Something extraordinary would have to happen for the Fed to do a rate hike in December. Once we get past the year-2000 problem without incident -- who knows what's going to happen? I don't think anything bad is going to happen but there may be some surprises. Supposing nothing very bad happens, then I think the Fed will resume its heavy scrutiny of the data for inflationary signs. worldlyinvestor.com >>>>>>