SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Pastimes : The Naked Truth - Big Kahuna a Myth -- Ignore unavailable to you. Want to Upgrade?


To: NickSE who wrote (45886)6/9/1999 11:31:00 PM
From: NickSE  Read Replies (2) | Respond to of 86076
 
Banking leaders prepared for interest-rate hike
foxmarketwire.com

PHILADELPHIA — Banks are prepared for the possibility of Federal Reserve Chairman Alan Greenspan raising U.S. interest rates, leaders said Wednesday at the conclusion of the three-day International Monetary Conference.

Greenspan held a closed-door panel discussion with some of his international counterparts, including European Central Bank President Willem F. Duisenberg and the heads of the Bank of England, Bank of Japan, Deutsche Bundesbank and Bank of France. Greenspan and the others declined to comment publicly about the session.

Douglas "Sandy'' Warner III, chairman of J.P. Morgan, told reporters afterward that he expected a Federal Reserve interest rate hike as early as the end of this month.

Warner said he feared that the U.S. economy may be growing too fast compared with the rest of the world, and that higher interest rates could rein in the growth rate.....