Word: biases
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...hasn't the Fed officially warned that it has a "bias" toward making money and credit tighter? Yes, allows the board, but the Fed may already have accomplished as much tightening as necessary--or maybe more--by subtle measures. True, it may kick up the "Fed funds" (very short-term) interest rate it controls by a modest quarter percentage point at its rate-setting meeting at the end of June--"just to prove it can do it, for practice," in Farrell's words. But such a move has been so widely expected, and discounted, that board members think...
Moved PermanentlyMoved PermanentlyFortune Investor DataPresumably, Greenspan will stop worrying too -? if he ever started. Many saw the Fed?s "bias shift" in May as a virtual rate hike, one that showed up in the market?s interest rates and took some steam out of stocks without the central bank?s actually having to do anything. Now, there are only two reasons for the Fed to raise rates at its June 29 meeting ?- to loosen up labor markets or simply to bare its teeth ?- and neither seems compelling enough for Alan & the Gang to act before the next meeting, in August...
...Crimson article, written as part of a larger series tackling the 1954 Brown v. Board of Education school segregation decision, perhaps typifies the racial attitudes of the times. The article, headlined "Only Individual Bias Exists at Harvard," concluded that, "all in all, Harvard's admissions policy for Negroes is an non-discriminatory as the University itself is to Negroes studying here...
...about brains," Jackson said, as applause from the audience drowned out his words, "but about opportunity and the flow of cultural and historical bias...
...about brains," Jackson said, as applause from the audience drowned out his words, "but about opportunity and the flow of cultural and historical bias...