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To: Mohan Marette who wrote (56569)8/6/1998 1:10:00 PM
From: Lee  Read Replies (1) | Respond to of 176387
 
Hi Mohan,..**Off Topic**

Just read the Beige Book and it reinforces the fact that the economy is sound and not experiencing widespread wage or price pressures. Nor are we experiencing a big slowdown from SE Asian turmoil. All's well in the virtuous economy!

The Fed has done a remarkable job with respect to price stability in this country but once demand materializes from SE Asia, commodity prices will again rise.

Regards,

Lee