FED GOVERNOR SEGER SEES CURRENCY STABILITY
Federal Reserve Board Governor Martha
Seger said there were signs of helpful stability in foreign
exchange markets in recent weeks.
    "I think we are beginning to see more calm in those markets,"
Seger told reporters after a speech to the U.S. League of
Savings Institutions.
    "I think it is very healthy when you can get into a period
of stability," she said.
    She said market forces have a major influence on exchange
rates and said she did not know the right value for the dollar
against the Yen or the Mark.
    Seger told the Savings and Loan executives that she was
concerned about financial markets' absorption with exchange
rate influences.
    "I am concerned that we have gotten so nervous," about
exchange rates, Seger said.
    She said the Fed takes into account additional factors in
determining monetary policy than the value of the dollar
against other currencies.
    On the economy, Seger called the latest figures in gross
national product a modest upward revision.
 Reuter
