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Strategies & Market Trends : Graham and Doddsville -- Value Investing In The New Era -- Ignore unavailable to you. Want to Upgrade?

To: porcupine --''''> who wrote (1250)	2/12/1999 11:15:00 PM
From: porcupine --''''>	Respond to of 1722

St. Louis Fed Chief Predicts Growth LITTLE ROCK (AP) -- The president of the Federal Reserve Bank of St. Louis said Friday that indicators signal continued economic growth for the next six to 12 months. William Poole, speaking before the Academy of Economics and Finance in Little Rock, said a 2.5 percent growth rate is forecast for the rest of the year, with interest rates remaining low. ''It may depart from that,'' Poole said. ''But it will depart from that for reasons that are unforeseeable.'' Poole also said he doubted the Year 2000 computer bug will cause turmoil among U.S. banks. He noted an earlier decision of the Fed, however, to set aside $50 billion in case banks experience a surge in demand for currency before the turn of the century. ''I'm guessing that it's going to be a major nonevent,'' he said.