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

To: Jerry Olson who wrote (26710)	6/1/1999 1:09:00 PM
From: J.T.	Read Replies (1) \| Respond to of 50167

OJ, Fed needs to maintain vigilance and credibility now. Otherwise, by doing nothing yields will continue to march toward 6.25% on its way to 6.5% By acting now, yields may peak around 6.05% before money goes back into bonds from equities. This is an inverse thought process. The risk the FED runs by not moving to pre-empt and waiting til say August or later means they run into grave problems if economy remains on strong economic and inflationary track. One Fed chief McDonough (or whatever the sp is)has stated this morning that in fact CPI # may NOT be one month aberration. Keep your powder super-dry. Best. J.T.