Interest rates

Seth Ackerman SAckerman at
Wed Sep 2 12:11:25 PDT 1998

<<Federal Reserve officials, who share that view, are resisting calls for a cut in short-term interest rates. Several officials said late last week that they are no longer considering raising rates to keep inflation low, but they also see no need to lower them. Given their longer-term perspectives, this week's market gyrations were not likely to have changed their position.>>

-- John Berry, from today's Washington Post. Berry is thought to have the best Fed sources.

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