These guy's are unbelievable. They are now bringing in ex-Fed guy's to issue dumb statements. Then there was Abby Joseph "I'm working for the government right now" Cohen.....What a joke day this was. Completely ignored all the hard market data. Duh. Fed babblespeak continues. These guys are jawboning so hard they're starting to look like Monica.

For educational and irony purposes only.

Ex-Fed's Blinder says no U.S. rate hike needed (Reuters) SAN FRANCISCO, Sept. 27 (Reuters) - Former Federal Reserve vice-chairman Alan Blinder said Monday he does not see justification for the U. - Sep 27 8:06 PM EDT

Fed's Poole says trade deficit no need for alarm (Reuters) JEFFERSON CITY, MO., Sept 27 (Reuters) - The U. - Sep 27 7:25 PM EDT

FOCUS-Fed's Parry sees reason to delay rate hike (Reuters) By Marjorie Olster SAN FRANCISCO, Sept 27 (Reuters) - The Federal Reserve, which has raised interest rates twice this year to prevent inflation pressures from building in the economy, should probably wait to see inflation actually rise before it hikes interest rates again, San Francisco Fed President Robert Parry said on Monday. Parry, who is not a voting member of the rate-setting Federal Open Market Committee (FOMC) this year, said Fed officials are uncertain about whether productivity growth can continue to keep price pressures subdued. - Sep 27 5:26 PM EDT

St Louis Fed's Poole sees gains in US jobs, wages (Reuters) JEFFERSON CITY, MO, Sept 27 (Reuters) - The U.S. - Sep 27 4:59 PM EDT

Fed's Parry Sees Reason To Delay Rate Hike (Reuters) The Federal Reserve, which has raised interest rates twice this year to prevent inflation pressures from building in the economy, should probably wait to see inflation actually rise before it hikes interest rates again, San Francisco Fed President Robert Parry said Monday. - Sep 27 4:45 PM EDT

Alert: Jefferson City, Mo - St. Louis Fed's Poole Says U.S. Job, Wage Picture Improving (Reuters) (This is a headline-only alert, although it will likely be followed by an article soon) - Sep 27 4:00 PM EDT

U.S. Treasury balances at Fed rose on Sept 24 (Reuters) WASHINGTON, Sept 27 (Reuters) - U.S. - Sep 27 4:00 PM EDT

-- Gordon (g_gecko_69@hotmail.com), September 27, 1999

Answers

But wait, there's more...

http://biz.yahoo.com/rf/990926/bl.html

"Fed's McDonough sees no big Y2K inventory build"

-- Linkmeister (link@librarian.edu), September 27, 1999.

Okay, okay.. we get it.

So... how long do you think it will be before the rate hike? 2 weeks?

-- Linda (lwmb@psln.com), September 27, 1999.

"Should probably wait to see inflation actually rise before hiking interest rate again"? I guess none of these people buy gas, food, or homes. Maybe they don't go to their doctor or have their cars fixed. Could be we just should have invested more and made more so we could afford $4 loaves of bread, $2 gas, and $200,000 homes. Yeah, that's it. Silly me.

-- Gia (laureltree7@hotmail.com), September 28, 1999.