The Federal Reserve said it would shorten a late January meeting, indicating that Chairman Alan Greenspan will step down as planned on Jan. 31.

Announcing a change to its tentative meeting schedule for 2006, the Federal Open Market Committee said that it plans to hold its first scheduled meeting of the year on Jan. 31. According to the statement, the committee "had previously planned to meet for two days -- Jan. 31 and Feb. 1. This schedule change avoids a meeting that spans the terms of two chairmen."

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