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To: pater tenebrarum who wrote (54714)	6/20/2000 12:14:00 PM
From: Rarebird	Read Replies (1) \| Respond to of 116811

Fed Urged Not To Raise Rates By JEANNINE AVERSA Associated Press Writer WASHINGTON (AP) -- Top House Democrats overseeing economic policy urged the Federal Reserve not to boost short-term interest rates next week, saying that previous rates increases are already working to slow the red-hot economy and keep inflation under control. ``Proceeding with further efforts to slow down the growth of our economy at this point means accepting increases in unemployment and real economic damage to our least prosperous citizens because of a fear of an inflation of which there is no significant evidence,'' the lawmakers said in a letter Monday to the Federal Open Market Committee, which oversees interest rate policy. PS Sounds like someone is begging.