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To: jjs_ynot who wrote (41398)	4/27/1998 9:01:00 AM
From: Dwight E. Karlsen	Respond to of 58727

Here is the first part, including the headline: Fed Officials Are Pondering Interest Rate Boost in Future With No Slowdown in Sight, Officials Opted To Drop Their 'Neutral' Stance in March By DAVID WESSEL Staff Reporter of THE WALL STREET JOURNAL WASHINGTON -- Federal Reserve officials say they are increasingly concerned that the U.S. economy may not be slowing as much as they expected or desired, forcing them to ponder lifting short-term interest rates in coming months. In a sign of concern, Fed policy makers agreed at their March 31 meeting that a rate increase is more likely than a decrease. In doing so, they abandoned the neutral stance that was adopted in December to demonstrate, as the Fed put it, that they might cut rates if "the turmoil in Asia were to intensify." <Picture: [Go]>Bond Traders Fear Increase in Prices of Financial Assets The Fed won't release this "directive," crafted at the end of each committee meeting, until May 21. The primary significance of the directive is to signal financial markets which way the Fed is leaning.