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Politics : Ask Michael Burke -- Ignore unavailable to you. Want to Upgrade?


To: Mike M2 who wrote (53819)3/29/1999 3:55:00 PM
From: valueminded  Read Replies (1) | Respond to of 132070
 
Mike

However, the need for the FED to continually add reserves says that the horse needs water and lots of it. They are adding reserves in responce to the need to keep credit flowing freely without having interest rates increase. If they didnt add them, rates would rise.
imo - No stealth tightening