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To: NOW who wrote (235208)	4/12/2003 8:14:25 PM
From: yard_man	Respond to of 436258

ho ho ho -- low probability event?? -- to them, everything is CON-fidence -- and what isn't CON-fidence is technical analysis. May as well replace them with a few daytraders from SI -- what's the diff >>But as I said to a colleague the other day, we spend a very small fraction of our time at the Federal Reserve and at the Federal Open Market Committee in actually being engaged in operational monetary policy. The rest of our time we ask ourselves every sort of question of what could go wrong and how would we respond to that event if it happened. <<