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To: Boplicity who wrote (2968)7/23/2000 12:18:10 AM
From: Jim Willie CB  Respond to of 13572
 
the Fed only indirectly controls the money supply

via lending requirements, collateral limits, length of business being in operation, reliability of continued profitability, and assessment of general risk

the Fed cannot exactly foretell what the money supply will be next month
they only tighten or loosen the spigot
/ Jim