Word: boostings
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Dates: during 1970-1979
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...dollar's slide, the Carter Administration began a series of steadying actions last week. The U.S. Treasury announced that starting in November it would boost its gold sales from 300,000 oz. per month to 750,000. To allay any speculation about the oil-rich nations turning against the dollar, Treasury Secretary W. Michael Blumenthal met with Saudi Arabian Finance Minister Mohamed Abdel-Kheil at Disney World, of all places, where the minister was vacationing with his family. Blumenthal suggested that a timely statement of support might give the dollar a lift. Soon after, Crown Prince Fahd declared that...
...announcements gave a slight but encouraging boost to the embattled dollar. Said Lawrence Krause, an economist with the Brookings Institution: "The Administration is playing it very wisely so far. You don't want to panic the markets the other way and shoot up the value of the dollar. Dribbling these things out is just right to keep everyone except yourself guessing." The White House, in fact, plans to announce some new but limited measures to bolster the dollar every few days for the next two or three weeks. Before going off on their separate vacations, President Carter and other...
Another threat is a U.S. recession, brought on either by inflation or by dollar-propping actions-primarily a sharp boost in interest rates-that will have to be more drastic the longer they are put off. Top administrative aides privately express concern that the U.S. may be faced with a combination of high inflation and serious recession by the time the 1980 election campaign starts gathering momentum...
...sufficient to steady up the dollar over the long run, but some combination of them might buttress the buck long enough to permit fundamental market forces to take over. The Carter Administration has long hoped that the dollar's slide would eventually be self-correcting. It would boost U.S. exports by making them cheaper, cut imports by making them more expensive, and thus lower the trade deficit; then the dollar would rise again. There are some signs that the Administration's faith may not be in vain. For example, Japanese imports now account for only...
...constitutional mandate to expend energy; the nation will burn nearly 4% more oil this year than in 1977. But this trend is being countered in a notable way by some corporate consumers, who are discovering that saving fuel is just about the simplest way to cut costs and boost profits...