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To: GVTucker who wrote (129889)	3/14/2001 9:01:52 AM
From: Road Walker	Read Replies (1) \| Respond to of 186894

GV, re: "It meant that he kept rates lower than most economists thought wise throughout the 90's. Of course, it is also arguable that he kept rates higher than was otherwise necessary last year." One thing that I think the FOMC could do to respond to the JIT economy is to abandon their formal "meetings", and just make decisions as they appear to be required. I think in a lot of people's views, they look like they are working part time. It would also add a stronger element of surprise to the changes, which might actually stabalize the markets, because traders would never know when they were going to act, and would have to price in anticipated changes, rather than waiting for the formal release. The world seems to be concerned about Japan this morning. John