Fwd: Federal Reserve policy, the economy and the election cycle

[Doug Henwood]

From: "Financial Markets Center" <fmcenter at mindspring.com>
To: <Undisclosed-Recipient:;@mindspring.com;>
Subject: Federal Reserve policy, the economy and the election cycle
Date: Fri, 9 Jun 2000 14:07:35 -0400

Compared to the past 11 presidential election cycles, Federal Reserve 
policy has been exceptionally tight in 1999-2000. After raising 
interest rates 75 basis points in March and May, the Fed is now 
tightening even faster that Paul Volcker did in the 
inflation-fighting campaign of 1979-1980 that sank Jimmy Carter's 
reelection bid.

To view an updated Financial Markets Center analysis of the Fed's 
actions, check out: 
<http://www.fmcenter.org/pdf/rates&elections0500update.pdf>http://www.fmcenter.org/pdf/rates&elections0500update.pdf