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Politics : Stockman Scott's Political Debate Porch -- Ignore unavailable to you. Want to Upgrade?

To: Jim Willie CB who wrote (8789)	11/4/2002 5:28:06 PM
From: stockman_scott	Read Replies (1) \| Respond to of 89467

<<...Some private economists say a rate cut, no matter the starting point, will spark increased borrowing and spending. At the least, a cut would signal that Fed officials recognize that the economy, particularly the job market, is struggling. That could provide a psychological boost for businesses and consumers. "At the end of the day, it's better to use (the Fed's interest rate) tool than to sort of sit back and hope for the best," says Bill Dudley, chief economist at Goldman Sachs...>> I tend to agree with Goldman in this case <G>...Yet, I still think The Fed will only deliver a 1/4 point booster shot this week...we'll see what kind of impact it really has. -Scott