FOMC does nothing

[Diane Monaco]

At 02:53 PM 5/7/2002 -0400, you wrote:
>[Very mellow of them, though not a surprise.]
>
><http://www.federalreserve.gov/boarddocs/press/monetary/2002/20020507/default.htm>

Yes, it's certainly no surprise considering how ineffective changes in the 
interest rate have been in affecting investment.  Well, the business sector 
is really no longer dependent on lending from banks -- so again no surprise.

Diane