Fed Governor's Words Boost Stock Market. (25-MAY-01) Daily News (New York, New York) (via Knight-Ridder/Tribune Business News)

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Fed Governor's Words Boost Stock Market.

Publication: Daily News (New York, New York) (via Knight-Ridder/Tribune Business News)

Publication Date: 25-MAY-01

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Byline: Judith Schoolman

May 25--Bullish words from a Fed official turned a down stock market positive yesterday, as investors tuned out fresh signs of economic weakness and a power shift on Capitol Hill.

Fed governor Laurence Meyer said the central bank remains vigilant against the biggest risk to the economy -- a "sharper-than-expected slowdown." He also said the rate cuts...

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