Greenspan cages inflation hawks.

Discusses why the United States Federal Reserve and its Open Market Committee are not likely to raise interest rates when they meet in May of 1998. The impact that an interest rate increase would have on the economy; The policy of the Federal Reserve to give advance warning of its actions; Why the Open Market Committee is not likely to go against the wishes of Federal Reserve chairman Alan Greenspan; Long term economic concerns. INSET: Fed may need to ease, not tighten.