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To: Crimson Ghost who wrote (11487)5/10/1998 4:12:00 PM
From: paul ross  Read Replies (1) | Respond to of 116834
 
FED putting on the brakes? Monetary base down .1%
in last reporting period and up only 1% over last 3 months.

stls.frb.org

FED has been draining reserves quite a bit lately. Just sopping up dollars dumped by Japan in currency transactions, dollars from Euro related transactions, or fear of rapid M3 growth?
Any FED watchers with an opinion?

PR