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Pastimes : The Justa & Lars Honors Bob Brinker Investment Club -- Ignore unavailable to you. Want to Upgrade?

To: Wally Mastroly who wrote (4110)	3/26/1999 9:29:00 AM
From: Wally Mastroly	Respond to of 15132

* Fed Watch * - Fed mulls shift to reactive monetary policy/Tuesday Meeting WASHINGTON - In a sign the Federal Reserve may hold interest rates steady for a while, Fed officials are discussing whether monetary policy can afford to be less pre-emptive than in the past. The reason for the possible shift in strategy: The economy seems to be responding faster when the Fed does alter rates. Fed Governor Edward Kelley calls the hypothesis that the economy reacts more rapidly to rate changes "an interesting speculation" and admits it's been discussed. But he stresses the Fed hasn't studied it yet. usatoday.com