...there is a deeper division within the Fed than we have seen in a long time," said David Jones, chief economist at Aubrey G. Lanston & Co. in New York. The central bank is split between one camp that has argued for no change in policy this close...

...inflation. "You have to go back to the early 1960s to see anything remotely similar," said economist David Jones of Aubrey G. Lanston & Co. in New York. "`So far, so good,' is the Fed's view." The economy grew very strongly in the first...

...haven in U.S. Treasury securities. "Money has flowed out of Asian markets," said economist David Jones of Aubrey G. Lanston & Co. in New York. "It means U.S. interest rates will move lower as more and more foreign investors move into...

...appears to be slowing to a jog. "The Fed is in a wait-and-see stance," said David Jones, chief economist at Aubrey G. Lanston & Co. "I think they are simply in no hurry to consider a rate hike." The economy broke out of the doldrums in...

...stops to avoid a major blot on his otherwise shining record as Fed chairman," said David Jones, economist with Aubrey G. Lanston & Co. Meanwhile, the new Bush administration through Treasury Secretary Paul O'Neill took a page from the Clinton...

...forced by the much-larger-than-expected increase in consumer prices," said David Jones, chief economist at Aubrey G. Lanston & Co. in New York. "The Fed saw domestic growth as too strong and increased dangers from an already tight labor...

...link between Wall Street and Main Street presents the Fed with a challenge, too, said economist David Jones of Aubrey G. Lanston & Co in New York. "How do you let a little bit of air out of a bubble without collapsing it?" Jones asks...

...have jobs. They see low interest rates and their stock portfolios are going up," said economist David Jones of Aubrey G. Lanston & Co. in New York. "The Fed has no reason to ease and, in fact, it may be on hold well into 1999, contrary...

...diminished to really assert the kind of global leadership that is needed," said David Jones, chief economist at Aubrey G. Lanston & Co. in New York. "This is mostly rhetoric. I couldn't see in the G-7 statement any action." Treasury...

...biggest surprise the financial markets are going to see is much weaker profits," said economist David Jones of Aubrey G. Lanston & Co. in New York. With unemployment at a 24-year low and possibly headed lower, businesses will be caught between...