	wojnilower sees drop in u s  rates the federal reserve will promote lower  rates this year to sustain world economic growth first boston corp managing director albert wojnilower said as much as the fed would like to take a tough line against inflation it cannot act to slow the growth of credit without subverting national u s economic policy on selected occasions when the dollar seems steady and because the trade deficit is not responding the united states decided to push germany and japan harder to meet their commitments to economic growth the federal reserve will do its part by moving rates down wojnilower said in a report justifiably not anticipating either a recession or seriously higher  rates securities market participants have seen little to fear wojnilower said he said last week s hiccup in money and currency rates and bond and stock prices was probably caused by japanese window dressing for march end of fiscal year accounts wojnilower said the u s probably enjoyed above average economic growth in the first quarter however the pick up seems to reflect an unsustainable pace of inventory building and the prospect for the full year is still for real gross national product growth of about pct he said reuter 
