Word: brimmer
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Dates: during 1960-1969
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...current inflation, but many others have held low-paying jobs all along. There is little solid information on how they have fared. Sketchy federal surveys indicate that wages of variety-store clerks and cleaning women in Atlanta and Philadelphia have risen faster than consumer prices in recent years. Andrew Brimmer, a member of the Federal Reserve Board, suspects that more complete figures-which no one collects-would disclose that the wages of many other poor workers have fallen behind...
Andrew F. Brimmer, LL.D., member of the board of governors of the Federal Reserve System...
...From left, front row: James L. Robertson, J. Dewey Daane, George W. Mitchell. Back row: Sherman J. Maisel, Andrew F. Brimmer, William W. Sherrill...
...feeling that inflation is inevitable may finally be giving way to a touch of welcome uncertainty. In Paris last week, Federal Reserve Board Governor Andrew F. Brimmer predicted that the economy's real growth, which reached 5% last year, would slow to a rate of 3% or less by the end of this year. But many other economists and corporate policymakers predict an appreciably higher-or lower-rate of growth. When opinions divide and uncertainty becomes widespread, decision makers begin to act with caution, holding back buying plans. That tends to retard economic growth and inflation...
...much restraint can the economy stand? One indication came in a Los Angeles speech by Andrew Brimmer, a member of the seven-man Federal Reserve Board. Citing a study by the board's staff, Brimmer said that even if the nation's real economic growth slowed to practically nothing for one or two quarters, the result would be only a 0.2% rise in the jobless rate, now at a 15-year low of 3.3%. The findings reinforce the belief that the Nixon Administration will have a bit of leeway in which to move against wage-price rises without...