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To: JDN who wrote (78773)	2/27/2000 8:42:00 PM
From: Loki	Read Replies (2) \| Respond to of 97611

JDN...Thank you for your opinion. Ofcourse it is the Fed's objective to focus on the economy. Yet there have been enough references to WS and "wealth effect" that I comment..."IF PART of the objective...."...emphasis on "if" and "part". It is listening to AG that I felt "part" of his rationale was WS. Other people besides myself have questioned him on this subject. So I am not alone in interpreting his comments this way. I do not feel that WS is the only motive. It is my opinion from the information available to me that there are many forces that have influenced the economy, recently. Some of which we have not seen the full effects. It might therefore, be premature for another tightening so soon. If AG is looking to help small businesses, I understand your point on the labor market. However, what do interest rates do for these companies to raise capital? Just some thoughts.... Loki