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Pastimes : The Justa & Lars Honors Bob Brinker Investment Club

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To: Justa Werkenstiff who wrote (11166)1/14/2000 7:12:00 PM
From: Justa Werkenstiff  Read Replies (1) of 15132
 
** New Bias Policy Coming **

Answering questions after his speech, Greenspan said the Fed would soon announce a new way of communicating its so-called bias, or inclination toward future rate changes.

The Fed has recently started releasing its bias immediately after its regular monetary policy sessions, but financial markets have at times been confused by the carefully worded and often two-handed statements.

"We will release very shortly a whole set of actions which we will use to focus on this question and we will do it before the next (policy) meeting," Greenspan said.
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