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To: yard_man who wrote (7077)	9/28/1998 1:29:00 PM
From: Joseph G.	Read Replies (1) \| Respond to of 86076

For Jim Saxton a day is a loss if he did not say something stupid: <<WASHINGTON, Sept 28 (Reuters) - The head of Congress' Joint Economic Committee on Monday urged the Federal Reserve to cut U.S. interest rates substantially to help calm tumultuous world financial markets. ''The Fed should cut interest rates immediately,'' committee Chairman Jim Saxton, a Republican from New Jersey, said in a statement. ''There is no evidence of inflation now, and no evidence of future inflation in the pipeline. A significant interest rate cut would also be an important act of U.S. leadership in stabilizing international financial markets.'' >>