Fed Keeps Rates Steady But Paves Way for Rise

Article Abstract:

The Federal Reserve Board has retained the 1% short-term interest rate. The Federal Open Market Committee, which sets monetary policy, has shifted its concern from increasing deflation to inflation, but feels that cheaper money is feasible as long as the threat from inflation remains low. A future increase in interest rates is anticipated as the US economy begins to recover. The US dollar continued its drop against the Euro and reached $1.2237 as consumer and commodities prices kept rising.

Euro (Currency), Dollar (United States), Euro currency transition

---

Greenspan Hints at End To Low Rates

Article Abstract:

Federal Reserve Board chairman Alan Greenspan addressed the future of low interest rates during a speech to the Securities Industry Association on Thursday. His concern is that FRB policies will insure that inflation does not alter drastically to hurt third quarter gains in the economy. That concern might include the need to raise interest rates over a period of several months, but Greenspan first wants to see if employment grows during this period of economic recovery.

Forecasts, trends, outlooks, Public affairs, Regulation, Licensing, and Inspection of Miscellaneous Commercial Sectors, Unemployment Insurance, Dept of Labor, Reports, Forecasts and trends, United States economic conditions, Market trend/market analysis, Public opinion, Industrial productivity, Speeches, lectures and essays, United States. Department of Labor, Budget deficits, Productivity, Economic recovery

---

GREENSPAN BACKS IDEA OF ACCOUNTS FOR RETIREMENT

Article Abstract:

Federal Reserve chairman Alan Greenspan said that he thinks that the creation of individual investment accounts in Social Security is a good idea, but that he is worried they could lead to increased government borrowing.

Government domestic functions, Social Security, Economic aspects, Social policy, Beliefs, opinions and attitudes

Similar abstracts:

• Abstracts: Market Chief Holds Firm in Storm Over Pay. STOCK EXCHANGE IS SAID TO SELECT CHIEF EXECUTIVE. Rumpled and Groggy, Wall Street Resumes Trading
• Abstracts: New Criticism On Prewar Use Of Intelligence. BUSH BACKS AWAY FROM HIS CLAIMS ABOUT IRAQ ARMS. BUSH TO ESTABLISH PANEL TO EXAMINE U.S. INTELLIGENCE
• Abstracts: President Says Report on Arms Vindicates War. BUSH AND KERRY CLASH OVER IRAQ AND A TIMETABLE. Fresh Starts: One for Iraq, One for Bush
• Abstracts: Dismantling a Wall Street Club. INTRIGUE ENGULFS MORGAN STANLEY; 2 EXECUTIVES OUT. Countdown at Morgan Stanley
• Abstracts: States in India Take New Steps To Limit Births. Canada's View on Social Issues Is Opening Rifts With the U.S. Bars Test Laws on Gambling With Moneyless Poker Games

This website is not affiliated with document authors or copyright owners. This page is provided for informational purposes only. Unintentional errors are possible.