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To: Tunica Albuginea who wrote (17349)1/28/2001 9:38:30 PM
From: t2  Read Replies (1) | Respond to of 24042
 
TA, 50bps is a done deal. I don't think 25bps is even being considered. The equity markets may take a tumble on such a disappointment and that is exactly what Greenspan does not want to happen.
Falling market means falling business and consumer confidence.
Low consumer confidence is the enemy right now and I would not rule out 75bps as a consideration -total for the next 30 days--even though it is unlikely.
We could another 25 intermeeting after this meeting, if he finds is necessary.