11.   Blinder suggested the Fed should use a real target for the fed funds rate as opposed to a nominal target as its gauge for setting monetary policy.

12.   Board members set strategic policies.

13.   Both he and Stals emphasized the independence of the Reserve Bank in setting monetary policy.

14.   Both leaders had said that, more than setting new policies, they wanted this to be a kind of meeting between old friends who happened to become presidents.

15.   -- Laura Simon Unger and Paul R. Carey to fill a pair of openings on the five-member Securities and Exchange Commission, which sets policy for securities.

16.   Business groups had pushed for the law, saying federal agenciese tightening clean air rules and setting other policies on the basis of research data that remained secret.

17.   But critics of the company have raised questions about whether the Administration can be truly unbiased when setting policy that might affect Fannie Mae.

18.   But it became evident last fall that Ashcroft did intend to set new policy.

19.   But once appointed, the board would have independent authority to appoint the chancellor and set broad policy.

20.   But once they set a policy, they should stick to it.