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Strategies & Market Trends : Bob Brinker: Market Savant & Radio Host -- Ignore unavailable to you. Want to Upgrade?

To: sea_biscuit who wrote (4201)	3/16/1998 11:15:00 PM
From: Ken Brown	Read Replies (2) \| Respond to of 42834

There's an awful lot of optimism around. Here's something to cool the flames just a little. Economists Warn of Higher Inflation WASHINGTON (AP) - The Federal Reserve has become too complacent about inflation and needs to begin raising interest rates immediately to keep price pressures from getting out of control, a group of prominent economists said. The Shadow Open Market Committee, a watchdog group that closely follows central bank policies, said today it had become concerned about a sharp increase in growth of the nation's money supply over the past six months. ''It is irresponsible to ignore the increased money growth of the past six months,'' the group said. The shadow group is composed of some of the country's most prominent monetarists, economists who believe that changes in the rate of growth of the money supply are the best way to predict changes in inflation.