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

To: Tim McCormick who wrote (54327)4/2/1999 12:31:00 PM
From: Kailash  Read Replies (1) | Respond to of 132070
 
Thank you, Tim - that was very helpful for understanding the short-term role of the Fed. I guess what I'm trying to understand better is long-term actions so short-term effect have to somehow be screened out.

As someone mentioned, recently there appears to have been a correlation between Fed draining of overnight accounts and falls in the market, but are we safe to assume this is either pure fluke or a psychological effect of some sort?

Kailash


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