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Politics : Formerly About Applied Materials -- Ignore unavailable to you. Want to Upgrade?

To: Laker who wrote (18827)4/15/1998 6:02:00 PM
From: H James Morris  Read Replies (2) | Respond to of 70976
 
Laker, do you really think that Greenspan has the independence, that President Carter gave to Volcker?. So many Americans make a wonderful living off Wall Street and President Clinton wants to go out as the President that had America's greatest economy. So do you think Greenspan will be able to give us an interest increase without the the stick, shoved up his a--?
Don't worry about an interest hike (until shortly, before P Clinton leaves office). Inmhop, of course.



To: Laker who wrote (18827)4/15/1998 6:48:00 PM
From: Tom Kearney  Respond to of 70976
 
Laker, yes I heard about this story. I think the issue is the MONEY SUPPLY. However, re: the market, it is not the FED's charter to influence the market. It is to control inflation and money supply so that a smooth prosperous economy can exist. The market is a side show in the bigger scheme of things, the general economy.

Trader's, Congress and the White House would put tremendous pressure on the FED if they raise rates, now.

But, we'll have to wait and see.

Regards,
TK


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