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To: Bobby Yellin who wrote (3611)	11/27/1997 2:54:00 PM
From: lorne	Read Replies (1) \| Respond to of 116814

Hi Bobby Can you imagine someone doubting a central banker. Canada NewsWire<Picture>Give us your message. We'll give you the world. ------------------------------------------------------------------------ Attention News Editors/Labour Reporters: THIESSEN'S VIEW IS ''PERVERSE, DESTRUCTIVE AND PLAIN WRONG'', WHITE OTTAWA, Nov. 27 /CNW/ - ''I want to express my indignation over Tuesday's increase in short-term interest rates,'' states Bob White, president of the Canadian Labour Congress (CLC) in a letter sent to Mr. Gordon Thiessen, Governor of the Bank of Canada. ''Your argument is that the Canadian economy 'may be producing at full capacity towards the end of 1998' and that 'inflation pressures could mount' unless monetary policy is tightened'' explains White. ''This view of the world is perverse, destructive and plain wrong.'' White notes that given an unemployment rate of more than 9 per cent, the jobs' crisis is the real problem, not inflationary pressures on the distant horizon. A complete copy of the above mentioned letter is available from Canada NewsWire's information on-demand service (Code 10060). All information is immediately retrievable to media with a touch-tone phone and fax machine 24 hours a day, seven days a week. To retrieve dial 1-800-238-7718. -30- For further information: Lois L. Ross - CLC Communications, 613-526-7426 CANADIAN LABOUR CONGRESS has 90 releases in this database.