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To: Lee who wrote (69142)10/5/1998 8:51:00 AM
From: nihil  Respond to of 176387
 
RE:: AG has authority

Not. He could always book a conference call, but he is merely the Chairman and could not expect the New York Federal Reserve to abandon the formal domestic policy directive (which sets the target Fed funds rate of 5,25%) adopted by a formal vote at the previous meeting.