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To: William Hunt who wrote (25128)	1/6/2000 7:37:00 PM
From: Sonny McWilliams	Respond to of 27012

Bill. Re: If rates are raised then they are targeting growth and not inflation. Yes Sir. Looks like that, doesn't it? Especially growth in the stock market. Rates have been raised sev. times last year without inflation. Now we are not saying anymore that the stock market is exuberant. We are raising rates because of no inflation or maybe inflation down the road. The FED has helped, along with productivity, to bring the economy to where it is, why try damaging it? If this keeps up the economy will get hurt more then they would like. Who benefits by higher rates? Not working people. Sonny