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To: Boplicity who wrote (35880)	3/27/1998 4:20:00 PM
From: Lee	Read Replies (2) \| Respond to of 176387

Greg,..Re:<<Fed policy>> Don't bother with those who are clueless. The following two links say pretty clearly that: 1. The Fed has achieved a remarkable price stability 2. The Fed will not tighten in an economic crisis which threatens global stability. economeister.com In other words, the Fed has achieved a remarkable degree of stability. economeister.com So long as the Pacific rim's sea of troubles threatens to swamp the smooth-sailing U.S. economy, the Federal Reserve is apt to keep its oars out of the water and leave the federal funds rate right where it is, Fed watchers said after another strong employment employment report. The author of these two reports is Stephen Beckner and is considered one of the best sources on Fed activities. He wrote "Back From the Brink - The Greenspan Years" So I think this is a more reputable source for Fed policy. Regards, Lee