Drumroll, please. The balancing act could hardly be trickier for the Federal Reserve monetary policymakers who will gather Tuesday in Washington to mull economic matters and interest rates.

The Asian financial crisis, which the central bank had been expecting to brake the U.S. economy and obviate the need for credit tightening, actually has been boosting business conditions.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.