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To: Road Walker who wrote (130564)	3/21/2001 9:14:36 AM
From: GVTucker	Respond to of 186894

I believe that the blind squirrel theory holds in this case.

To: Road Walker who wrote (130564)	3/22/2001 8:38:31 AM
From: GVTucker	Read Replies (1) \| Respond to of 186894

In today's Wall Street Journal, on the editorial page, there's a column entitled, "So You Thought the Fed Set Interest Rates?" It basically states that the Fed reacts to market rates, and if you want to look for any fault in the Fed, it was their overreaction in the winter of 99-00 to the Y2K scare. Outside of providing that excess liquidity, there really isn't much to complain about, because the Fed can only react to market rates. It pretty much exactly parallels my thinking on the Fed, Greenspan, and interest rates.