Advertisement

Analysts said the Federal Open Market Committee,...

Share via

Analysts said the Federal Open Market Committee, the Federal Reserve panel that sets interest rate levels, won’t make any dramatic shifts in monetary policy when it meets for the first time under the direction of new Fed Chairman Alan Greenspan. These economists predicted on the eve of the meeting that interest rates are likely to hold steady for the next few months while Greenspan learns the ropes of his new job. But some analysts said they look for a significant move toward a tighter money stance and higher interest rates by the central bank by the end of the year because Greenspan, a longtime Republican adviser, will need to show his political independence from the White House.

Advertisement