By John S. McClenahen Chairman Alan Greenspan and the 11 other voting members of the Federal Open Market Committee, the Federal Reserve panel that sets interest rates, hold a two-day meeting this week. The expected result: The target for federal funds ...
ByJohn S. McClenahen Chairman Alan Greenspan and the 11 other voting members of the Federal Open Market Committee, the Federal Reserve panel that sets interest rates, hold a two-day meeting this week. The expected result: The target for federal funds rate will remain at 1%, its level since June 25, 2003. The announcement should come about 2:15 p.m. Washington time on Wednesday, Jan. 28.
