WASHINGTON -- Federal Reserve policymakers yesterday rejected proposals backed by House Banking Committee Chairman Henry B. Gonzales, D-Tex., to shed more light on the closed-door meeting of the Federal Open Market Committee.

Board Chairman Alan Greenspan, appearing before the House panel flanked by ten Federal Reserve Bank presidents and five members of the Board of Governors, argued that current procedures for releasing FOMC minutes provide plenty of information to financial markets and the public

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