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To: Sam who wrote (2421)2/3/2000 3:03:00 PM
From: David C. Burns  Read Replies (1) | Respond to of 3536
 
My question is if the labor markets are indeed so tight that they "might be constrainging growth in some industries and regions", why can't the Fed just allow the tight labor markets to take care of the slowing?

Now, Sam, you're just being entirely too logical. <g>



To: Sam who wrote (2421)2/3/2000 3:07:00 PM
From: Ahda  Respond to of 3536
 
Because the labor market being tight are inflationary in themselves.

If you constrain growth you must reduce demand or you have a real mess.