Fed

: President Clinton appointed Alan Greenspan, a well-known chairman of the Federal Reserve Board, to his fourth term as the chairman of the nation's central bank. Alan Greenspan accepted the chance to lead the Federal Reserve Board for another four-year term beginning June of 2000. President Clinton praised Greenspan for starting a "New Era", an era with high technologies and productivity to advance. He is expected to push the level of prosperity to a higher stage. Alan …

…making, because these development occurs unexpectedly, the size and timing of their effects are difficult to estimate. According to our today's economic indicators, investors do expect Fed.'s Policymakers to raise rate again at least once more early this year. The Fed funds future contract for February is currently yielding 5.76%, more than a quarter-point above the current 5.5% rate. The Fed.'s first policy meeting of the new millennium will be held on February 2, 2000. ------------------------------------------------------------------------ **Bibliography**