Business Services Industry

The Post and Courier, Charleston, S.C., Finance Column.

Knight Ridder/Tribune Business News, May, 2004

By Frank Norton, The Post and Courier, Charleston, S.C. Knight Ridder/Tribune Business News

May 3--LECTURER FINDS DRAMATIC INCREASE IN MEETINGS BETWEEN PRESIDENT, GREENSPAN: There is a growing danger that financial markets could perceive the Bush administration as unduly influencing the direction of federal monetary policy.

So says Kenneth Thomas, a lecturer in finance at the University of Pennsylvania's Wharton School of Business.

According to Thomas, there's been a dramatic increase in the number of meetings between Federal Reserve Chairman Alan Greenspan and White House staff since President Bush took office in January 2001.

Thomas based his conclusions on Freedom of Information Act requests for Fed data over the past six...

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