Business and Finance
VOLCKER PLANS to tell a House panel today that the Fed hasn't made any "significant" changes in monetary policy recently, contrary to what analysts had thought. In prepared remarks, the Fed chairman also says the Fed hopes to keep M1 growing 3% to 8% this year.</br></br>The dollar plunged after Treasury Secretary Baker voiced support for a further drop in the currency. In New York, the dollar fell below 180 yen for the first time since 1978.</br></br>---</br></br>North Sea oil traders hope to prevent further defaults on contracts by placing stricter terms on trading in London. Crude oil prices, meanwhile, fell below $15 a barrel for the first time in seven years.</br></br>---