THE FED MAY BE TALKING TOO FREELY.

Examines U.S. economic policies as of April 4, 2005. Impact of statements made by Federal Reserve Chairman Alan Greenspan in 2003, in which he disclosed the Federal Reserve's long-term plans for interest rates; Concern that Greenspan's revelation of interest rate plans would increase inflation; Impact of energy prices and consumer spending on inflation; Efforts of the Federal Reserve to coordinate short-term and long-term interest rates; Projected impact of the Federal Reserve's disclosure on U.S. markets.