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To: Elwood P. Dowd who wrote (1495)7/24/2002 1:07:23 PM
From: Captain Jack  Read Replies (1) | Respond to of 4345
 
A drop right now would only add more fear,,, my guess is "unlikely"



To: Elwood P. Dowd who wrote (1495)7/24/2002 1:11:51 PM
From: Night Writer  Read Replies (1) | Respond to of 4345
 
A rate reduction would do nothing but create a short term rally to sell into.



To: Elwood P. Dowd who wrote (1495)7/24/2002 1:25:49 PM
From: MeDroogies  Read Replies (1) | Respond to of 4345
 
With inflation under control, growth proceeding apace, and the only thing looking dicey being the stock market. I would say a rate reduction would be counter productive.
Unemployment isn't high by standards of the last 35 years (just the out of whack standards of 1997-2001), so it's hard to justify lowering it to assist unemployment.

What could the Fed possibly hope to accomplish by lowering rates?


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