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To: long-gone who wrote (54313)	6/14/2000 1:22:00 PM
From: LLCF	Respond to of 116972

<H. he still hasn't admited he was wront about the hedging> He is a clown... DAK

To: long-gone who wrote (54313)	6/14/2000 1:23:00 PM
From: LLCF	Read Replies (2) \| Respond to of 116972

What are lease rates doing... moving up at all?? dAK

To: long-gone who wrote (54313)	6/14/2000 1:24:00 PM
From: Rarebird	Respond to of 116972

Fed's Parry Sees Inflationary Imbalance SAN DIEGO (Reuters) - The Federal Reserve still sees signs of inflationary pressures in the U.S. economy, San Francisco Fed President Robert Parry said on Wednesday, two weeks ahead of the Fed's next interest-rate setting meeting. "Although phenomenal gains in productivity have expanded supply beyond our expectations, we're seeing signs that demand may be gaining even faster,'' Parry said in a speech prepared for delivery at a Fed seminar in San Diego. ``That imbalance spells inflationary pressures,'' he added. These inflationary threats have led the fed to follow a ''cautious approach of gradually increasing interest rates'' over the past year, Parry said. The Fed has raised U.S. borrowing costs six times in the past 12 months to cool off the economy and quash inflationary pressures. Although some central bank officials say they see signs of a slowdown in the robust 9-1/2 year U.S. expansion, Parry said last week he was not yet convinced and needs more data to assure him that inflation is under control.