Word: beryl
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Administration officials are now trying lamely to find explanations for the Wall Street debacle. Under Secretary of the Treasury Beryl Sprinkel and others argue that interest rates will begin to fall as soon as the Federal Reserve, which controls the nation's money supply, convinces the public that it intends to stand firm with a tight-money policy and squeeze inflation out of the economy. Says a key Reagan policymaker as he points to the infamous light at the end of the tunnel: "If the Federal Reserve can stick with it for six months, then its credibility will...
...gold's weakness is coming from what European bankers are calling the "Reagan euphoria." Just as the value of the dollar fell because world moneymen did not believe that Jimmy Carter was serious about battling inflation, it is now rising because the new Administration looks more determined. Said Beryl Sprinkel, the Under Secretary of the Treasury-designate for Monetary Affairs: "We're getting on top of this inflation problem, and the markets are beginning to believe...
Thus Reagan might turn instead to Beryl Sprinkel, chief economist of Chicago's Harris Bank and a member of the TIME Board of Economists...
...severity of a 1981 decline, but agreed that a contraction is now all but unavoidable. Yet they believed that the 1981 slump will not be as sharp as this year's, when the GNP in the second quarter declined at an annual rate of 9.6%. Republican Conservative Monetarist Beryl Sprinkel, chief economist for Chicago's Harris Trust & Savings Bank, predicted that the economy will show about 3.9% real growth on an annual basis for the last three months of 1980 and then increase at a 4% yearly rate during the first quarter of 1981. Then he sees business...
Businessmen and other students of trade mostly approved of the ITC ruling, if only because they feared that restrictions on auto imports could set off an intercontinental trade war. Says Economist Beryl Sprinkel, of Chicago's Harris Bank: "Limiting auto imports would not be the end of it. If we start down that road, the whole world can.play the game...