"Federal Reserve this past week for dues to the course I lie monetary authorities will be taking in relation to the President?Ûªs new economic program.</br></br>The Reserve System?Ûªs policy-setting Open Market Committee met on Tuesday to review its posture. As far as market men could tell in the few days since, little if any change was voted.</br></br>But the lack of evidence of a shift toward easier credit was not discouraging. As the past week went on, optimism among traders and investors gradually increased.</br></br>SOPI11 STIC ATED market observers were not convinced that the ""Fed?Û? would automatically case in any significant way on the mere proclamation of the President?Ûªs program. They recognize the uncertainties that the monetary authorities face?ÛÓthe lack of benchmarks to help determine what a new policy should ; lie.</br></br>To many officials, this seems like a good time to keep a low profile. To judge from the absence of overt moves to case up, they apparently prefer to let the supply and demand for credit and fixed-income securities determine the trend of interest rales at this time."