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Politics : Formerly About Applied Materials

AMAT 227.84

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3:31 PM EST

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To: Duker who wrote (33757)	1/13/2000 9:20:00 PM
From: Proud_Infidel	Read Replies (1) of 70976

01/13 20:26 GREENSPAN-FED WILL SUPPORT RISE IN MARKET INTEREST RATES TO DEFUSE US IMBALANCES WASHINGTON, Jan 13 (Reuters) - Federal Reserve Chairman Alan Greenspan said on Thursday the U.S. central bank is intent on defusing mounting imbalances in the booming economy and will support higher borrowing costs to prevent it from overheating. Sending a clear signal that a rise in short-term official U.S. interest rates is imminent, Greenspan told the Economics Club of New York that the Fed did not have the luxury to wait until the forces shaping the fast-changing U.S. economy come into clearer focus.

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