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To: MythMan who wrote (140)5/18/2000 4:04:00 PM
From: Lucretius  Respond to of 391
 
The members saw "substantial risks of rising pressures on labor and other resources, and of higher inflation that called for some further firming of monetary policy."

At the same time, "although a more forceful policy move of 50 basis points might be needed at some point, measured and predictable policy tightening moves ... still were desirable in current circumstances, which included somewhat unsettled financial markets," the minutes said.

yawn... SOS