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Politics : Ask Michael Burke -- Ignore unavailable to you. Want to Upgrade?

To: Earlie who wrote (84180)	10/13/2000 12:24:21 PM
From: BGR	Read Replies (2) \| Respond to of 132070

Earlie, given the need to maintain the U.S. interest rate differential at or about 2% Need on part of the FRB, or just your opinion? Given that the Euro has continued to drop when the differential was about 2%, perhaps a smaller differential is what is necessary for stabilizing the Euro? That's good for the whole world economy, and doesn't harm the USD in any way. Also, I think that trying to analyze a currency's strength solely on basis of interest rates is a folly (consider the Yen, for example). What is most important in the underlying strength of the economy. In any case, I understand that you are focusing on the short term, while I am looking at the long term. -BGR.