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Strategies & Market Trends : Waiting for the big Kahuna -- Ignore unavailable to you. Want to Upgrade?

To: Lazarus_Long who wrote (11133)12/8/1997 6:51:00 PM
From: Defrocked  Respond to of 94695
 
I believe this practice was abandoned after a 1953
US Treasury/ Federal Reserve Accord was struck.

Control of interest rates through monetary policy is
still an erroneous idea that resurfaces in government from time
to time.<g>



To: Lazarus_Long who wrote (11133)12/8/1997 9:01:00 PM
From: Investor2  Read Replies (2) | Respond to of 94695
 
RE: "For a long time the US govt. controlled interest rates and kept them artificially low. "

Are you saying that the US govt. doesn't control interest rates now?

Just questioning, not disagreeing.

I2


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