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Pastimes : The Justa & Lars Honors Bob Brinker Investment Club -- Ignore unavailable to you. Want to Upgrade?

To: Justa Werkenstiff who wrote (11166)	1/14/2000 7:12:00 PM
From: Justa Werkenstiff	Read Replies (1) \| Respond to of 15132

New Bias Policy Coming Answering questions after his speech, Greenspan said the Fed would soon announce a new way of communicating its so-called bias, or inclination toward future rate changes. The Fed has recently started releasing its bias immediately after its regular monetary policy sessions, but financial markets have at times been confused by the carefully worded and often two-handed statements. "We will release very shortly a whole set of actions which we will use to focus on this question and we will do it before the next (policy) meeting," Greenspan said.

To: Justa Werkenstiff who wrote (11166)	1/14/2000 7:13:00 PM
From: Justa Werkenstiff	Respond to of 15132

Fed's Greenspan on Stock Margin Rules: US Fed Quote New York, Jan. 13 (Bloomberg) -- Comments by U.S. Federal Reserve Chairman Alan Greenspan on stock margin requirements. Greenspan was speaking to the Economic Club of New York. ''There's no evidence that margin requirements have any effect on the level of stock prices,'' Greenspan said. The Fed is ''reluctant to change any margin requirements,'' because ''margin requirements affect only small investors, those who do not have access to other sources of finance,'' whereas large investors can more easily obtain investment funds, he said.