EX-FED'S PHILLIPS:FED MAY HAVE NOT WANTED CUT TIED TO ANY DATA Forex EuroClub

18 April 2001 23:35 EX-FED'S PHILLIPS:FED MAY HAVE NOT WANTED CUT TIED TO ANY DATA

-FED DEFINITELY TRYING TO GET OUT 'AHEAD OF THINGS'
-SNAPBACK IN 2Q 'DOESN'T SEEM TO BE HAPPENING'
-'LIKELY' MORE RATE CUTS TO COME

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