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Strategies & Market Trends : VOLTAIRE'S PORCH-MODERATED -- Ignore unavailable to you. Want to Upgrade?

To: Mannie who wrote (47839)	2/25/2002 2:58:34 PM
From: stockman_scott	Respond to of 65232

Atlanta Fed's Guynn - U.S. consumer debt not critical NASHVILLE, Tenn. Feb 25 (Reuters) - Atlanta Federal Reserve President Jack Guynn said on Monday that while consumer debt in the United States is high, he does not consider it to be at a "critical" level. "It is a factor that we will be watching," Guynn, who is not a voting member of the policymaking Federal Open Market Committee this year, said in response to audience questions after addressing a Rotary Club meeting in Nashville, Tenn. He said that he hoped the collapse of energy trader Enron Corp <ENRNQ.PK> <ENE.N> "is one of a kind or one of not many out there", and that it will probably cause companies to ask even tougher questions. However, he added that Enron's implosion late last year created "the kind of uncertainty we did not need." Financial markets have been suffering an overhang of fears over accounting systems in the wake of Enron's unraveling. On inflation, Guynn said: "I don't see inflation as a problem in the near future." REUTERS