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To: John F. Dowd who wrote (166891)6/22/2002 8:10:21 PM
From: TGPTNDR  Read Replies (1) | Respond to of 186894
 
JFD, Re: <He has no mandate/charter to manage the economy or the markets. >

"The Federal Reserve currently has two legislated goals--price stability and full employment--but a debate continues about making price stability the Fed's primary and overriding goal. Evidence from the recent history of monetary policy contradicts arguments in favor of assigning primacy to inflation fighting and supports giving full employment equal importance."

netec.mcc.ac.uk

-tgp