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Politics : Idea Of The Day -- Ignore unavailable to you. Want to Upgrade?

To: IQBAL LATIF who wrote (22422)	1/10/1999 11:12:00 AM
From: Jeff Jordan	Respond to of 50167

Pasted from an article on Quote.com The current exuberance in the U.S. stock market has Federal Reserve policymakers worried but they are not likely to try to prick what many see as a potentially risky asset bubble, Fed sources and analysts say. The Fed's major concern has long been that a sudden bursting of a financial asset bubble could cripple the real economy and harm production, jobs or price stability. If central bankers want to let some of the air out of ballooning stock prices, they have several options. However, Fed sources and analysts say Fed chairman Alan Greenspan favors as little financial market intervention as possible and does not want to try to second-guess the collective wisdom of the market.