WASHINGTON -- House Banking Committee chairman Henry Gonzalez, D-Tex. yesterday urged President Clinton to speak out publicly against any further credit-tightening moves by the Federal Reserve.

"Although you have chosen to remain silent about the Federal Reserve's decision to rinse interest rates five times since February 1994, I feel it is necessary to persuade Federal Reserve officials to refrain from further interest rate hikes, which I believe they are planning." Gonzalez said in a letter to Clinton.

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