-->:14pm 05/06/03
FED WARNS OF UNWELCOME FALL IN INFLATION

2:13pm 05/06/03
FED SAYS RISKS IN ECONOMY TILTED TO WEAKNESS

2:13pm 05/06/03
FED HOLDS INTEREST RATES STEADY AT 1.25%

2:13pm 05/06/03
FED LEAVES INTEREST RATES UNCHANGED

-->mir tut schmerzt der Kopf, wenn ich dieses typische Grünspan-Babbel lesen
muss...


Reuters
FOMC statement from May 6 meeting
Tuesday May 6, 2:17 pm ET


WASHINGTON, May 6 (Reuters) - Following is the full text of
the Federal Open Market Committee's (News - Websites) statement issued on Tuesday
at the conclusion of its interest rate policy meeting:
"The Federal Open Market Committee decided to keep its
target for the federal funds rate unchanged at 1-1/4 percent.
Recent readings on production and employment, though mostly
reflecting decisions made before the conclusion of hostilities,
have proven disappointing. However, the ebbing of geopolitical
tensions has rolled back oil prices, bolstered consumer
confidence, and strengthened debt and equity markets. These
developments, along with the accommodative stance of monetary
policy and ongoing growth in productivity, should foster an
improving economic climate over time.
Although the timing and extent of that improvement remain
uncertain, the Committee perceives that over the next few
quarters the upside and downside risks to the attainment of
sustainable growth are roughly equal. In contrast, over the
same period, the probability of an unwelcome substantial fall
in inflation, though minor, exceeds that of a pickup in
inflation from its already low level. The Committee believes
that, taken together, the balance of risks to achieving its
goals is weighted toward weakness over the foreseeable future.
Voting for the FOMC (News - Websites)monetary policy action were Alan
Greenspan (News), Chairman; William J. McDonough, Vice Chairman; Ben
S. Bernanke; Susan S. Bies; J. Alfred Broaddus, Jr.; Roger W.
Ferguson, Jr.; Edward M. Gramlich; Jack Guynn; Donald L. Kohn;
Michael H. Moskow; Mark W. Olson; and Robert T. Parry."

-->und der USDollar lotet sofort neue 4-Jahres-Tief aus.

Das Senk-Blei zieht ihn weiter in die Tiefe und womöglich kommen jetzt
aus der Devisen-Ecke die Wehklagen. Jedenfalls ist das Tempo der
Kursverluste rasanter geworden.

Ich meine die Fed hat dafür vorgesorgt und jammert bei 1.20 zum Euro dass
er viel zu billig wäre, aber wir kennen diese Aussagen, sie sind nicht das
Papier wert.

Emerald.