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Politics : Formerly About Applied Materials -- Ignore unavailable to you. Want to Upgrade?

To: Jerome who wrote (42874)	3/1/2001 2:53:38 PM
From: michael97123	Read Replies (1) \| Respond to of 70976

"it would have done a lot of harm. It would appear that the Fed is in a panic mode with the economy. It might have implied that the Fed is concerned about the stock market." Jerome Fed isnt concerned about the stock market??? The reverse of the wealth effect on the economy is what we have and it is cycling out of control. Even a two day rally followed by some stability is better than this for both the investor and the economy. Also, everyone knows rates will be dropped in march by at least 1/2 point, so why delay the process(renting of money) until the rate drops. Encourage borrowing now so spending comes quicker. There was an abnormaly long time between meetings anyway. Mike