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To: Lee who wrote (40952)	5/8/1998 10:04:00 AM
From: Mohan Marette	Read Replies (2) \| Respond to of 176388

Fed may have to raise the rate after all.But it is no big deal. Lee: Greenspan & Co - Though inflation is the primary concern for the FED, and granted it is still surprisingly tame,the FED may have to slow down the economy a bit-close to 3% or a bit less-assuming this Asian thing might not after all have the desired slow-down effect, why 'cos if the economy keeps growing,let us say much more than 3%,soon we may run out of workers and then the inflation-thing will sky rocket and that is not good by any measure,NO??? So all I am saying is this,that is FED still may raise the rate 25-50 basis points,inflation or no inflation, just to make sure we have a sustainable growth rate but to predict what they will do is beyond my marginal abilities.