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To: Moonman62
Bernanke, who succeeded the legendary Alan Greenspan as Fed chairman on Feb. 1, said a pause would give the central bank time to assess the impact that its long string of rate increases was having on the economy.

Well, that statement gives me warm fuzzies. "We're not sure what impact the rate hikes are having so we'll stop for awhile and see.".

10 posted on 05/10/2006 12:33:56 PM PDT by VeniVidiVici (ICE, ICE Baby.)
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To: VeniVidiVici
Well, that statement gives me warm fuzzies. "We're not sure what impact the rate hikes are having so we'll stop for awhile and see.".

Excellent observation. They also decide to stop on a round number. Another clue that they are clueless, but well educated, and never held accountable.

31 posted on 05/10/2006 2:52:17 PM PDT by Moonman62 (Federal creed: If it moves tax it. If it keeps moving regulate it. If it stops moving subsidize it)
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