WASHINGTON - Federal Reserve officials may have erased their May policy directive leaning toward higher short-term rates.

Board Chairman Alan Greenspan seemed to hint as much in written comments he submitted to the Senate Banking Committee that the panel released yesterday. The comments were in response to questions from committee members in connection with Greenspan's testimony of July 22.

Limited Time Offer

Save $400 off your subscription. Special offer ends April 30, 2017.

14-Day Free Trial

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