Word: brimmer
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...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...
...Brimmer, a 1957 Ph.D. recipient in Economics, is the second Negro to be elected to the Board. Ralph J. Bunche is the first...
Learson and Seamans could not be reached for comment yesterday, and Brimmer and Taylor declined to comment on issues concerning the Board before familiarizing themselves more with...