ADVISORY/Experts Available To Comment On Fed Strategy.Business Editors ADVISORY... --(BUSINESS WIRE)--March 20, 2002 TOPIC: The Federal Reserve left short-term interest rates unchanged yesterday, but appeared to lay the groundwork for an interest rate hike in the near future. According to a story by MSNBC, policy makers said that the economy is apparently growing at a "significant pace," which means the possibility of increased inflation pressure poses just as much risk as another economic downturn. Currently, the target for short-term interest rates remains at a 40-year low of 1.75%, after the Fed cut interest rates 11 times last year to boost the economy. The expected increase in the rates in June would be the first such move in nearly two years, the story said. EXPERTS: ExpertSource can offer several highly qualified experts to comment on this story: Peter G. Crane is vice president and managing editor of iMoneyNet, Inc., Westborough, Mass., which publishes the weekly industry newsletter, Money Fund Report(tm), and produces Money Fund Vision(tm)database software. An expert on interest rates, money funds, and short-term cash investments, Mr. Crane authored Mutual Fund Investing on the Internet and co-authored The Y2K See Y2K problem and Y2K compliant. Y2K - Year 2000 Financial Survival Guide. He previously served as editor of investment newsletters Moneyletter, Fidelity Insight and Index Fund Investing. Mr. Crane studied economics and computer science at Brown University in Providence, R.I. He has been quoted extensively in such major publications as The Wall Street Journal, The New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of Times, USA Today USA Today National U.S. daily general-interest newspaper, the first of its kind. Launched in 1982 by Allen Neuharth, head of the Gannett newspaper chain, it reached a circulation of one million within a year and surpassed two million in the 1990s. , Money and Barron's, among many others. 508/614-1605, pcrane@imoneynet.com Prof. Anthony Sanders San´ders n. 1. An old name of sandalwood, now applied only to the red sandalwood. See under Sandalwood. is an economist at the Ohio State University Ohio State University, main campus at Columbus; land-grant and state supported; coeducational; chartered 1870, opened 1873 as Ohio Agricultural and Mechanical College, renamed 1878. There are also campuses at Lima, Mansfield, Marion, and Newark. . His expertise includes interest rate behavior, real estate and the mortgage market. 614/688-8609 James A. Wilcox is a Professor of Finance and of Economic Policy and Analysis at the Haas School of Business at the University of California, Berkeley The University of California, Berkeley is a public research university located in Berkeley, California, United States. Commonly referred to as UC Berkeley, Berkeley and Cal . He teaches courses in financial markets and institutions, in macroeconomics macroeconomics Study of the entire economy in terms of the total amount of goods and services produced, total income earned, level of employment of productive resources, and general behaviour of prices. , and in econometrics econometrics, technique of economic analysis that expresses economic theory in terms of mathematical relationships and then tests it empirically through statistical research. and forecasting at the Haas School. 510/642-2455 ExpertSource cannot guarantee the immediate availability of these experts or their familiarity with this specific issue. ExpertSource, a collaboration of Business Wire and The Round Table Group, provides academic and industry experts to the media at no charge. Journalists are encouraged to submit queries to ExpertSource when seeking experts on specific subjects. An online registration form is available at http://www.businesswire.com/expertsource. Business Wire's Media Resource Center provides working journalists many free media services. Please visit the BW Media Resource Center at (www.businesswire.com/media) for more information. |
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