WASHINGTON -- Federal Reserve vice chairman Alan Blinder yesterday said he has no major differences with Fed chairman Alan Greenspan over monetary policy and is pleased with the economy's response to this year's rise in interest rates.

In a speech to the Mortgage Bankers Association, Blinder said he believes the Fed's moves to tighten credit this year have "a fighting chance" of guiding the economy into a slower pace of growth that keeps inflation in check.

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