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Guessing Games At The Fed


Washington Outlook: CAPITAL WRAPUP

GUESSING GAMES AT THE FED

-- Administration officials say Federal Reserve Vice-Chairman Alan S. Blinder is hinting that he might like to be reappointed after all when his term expires in January. Clintonites had assumed Blinder would return to Princeton University if passed over for Fed chairman. But with Alan Greenspan a favorite for reappointment as Fed chief, Blinder's associates say he may settle for another term as No.2. Although a Democrat, incumbent Blinder would have less trouble passing muster with the GOP Senate than a new Clinton nominee. Meanwhile, the Administration is still struggling to fill another Fed seat vacant since April. Of several prominent bankers who have been approached, all are cool to the prospect of divesting their bank stock to join the Fed board.EDITED BY OWEN ULLMANN


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