FED'S JOHNSON SEES EASING OF INFLATIONARY FEARS Federal Reserve Board Vice-Chairman Manuel Johnson said the inflationary expectations in the financial markets have eased since the Fed's last half-point increase in its discount rate to 6.0 pct. "We have seen the kind of expectational forces develop I think that we've been satisfied with since our last discount rate move," Johnson said. Fed Chairman Alan Greenspan has said the most recent discount rate increase on September 4 was largely aimed at quelling inflationary fears in financial markets which he said were largely unfounded.