New stuff at the Financial Markets Center's web site: Senate Banking Committee Chairman Phil Gramm wants to end the Fed's semi- annual Humphrey-Hawkins reports to Congress. James K. Galbraith explains why that's a bad idea. 1999 is the Year of the Incumbent at Federal Reserve Bank boards of directors. That leaves labor, community and consumer interests underrepresented, according to the Center's annual report on Reserve Bank board composition. www.fmcenter.org
