Goldman has predicted that the Fed won't raise rates till 2005.
Makes sense to me. Greenspan raised rates 6 times right before the 2000 election, cut rates 13 times after the President was elected, and would certainly never raise rates going into another Bush election.
A great story that the press completely fell down on is how politicized Greenspan's Fed has been of late.
However, on the other hand, there is an off chance that Greenspan, a libertarian and long-time friend of O'Neill, will actually decide to fuck Bush before the election by raising rates in August.