|
|
Article: White House sometimes tipped off on Fed rate changes, Blinder says. (Fed nominee Alan Blinder, Senate Banking Committee evidence)
- Article from:
- The Bond Buyer
- Article date:
- May 19, 1994
- Author:
CopyrightCOPYRIGHT 1994 SourceMedia, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
|
WASHINGTON -- Federal Reserve Board Chairman Alan Greenspan occasionally tips off the White House on changes in interest rates and is likely to continue doing so, according to -Alan Blinder, a member of President Clinton's Council of Economic Advisers.
Blinder, whose has been nominated by Clinton to serve as vice chairman of the Fed, made the revelation in written comments responding to questions from members of the Senate Banking Committee. The committee is scheduled to vote Tuesday on Blinder's nomination.
"My understanding is that, from time to time, the chairman of the Federal Reserve does give the White House a 'heads up' on imminent changes in ...