Word: cautiousness
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Dates: during 1960-1969
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...such fears Chairman Martin had a ready answer: the Federal Reserve, he said, will continue its present policy of "cautious ease," preventing the rate hike from hurting the economy by buying Government securities in the open market and thus pumping money into the banking system. In Martin's view, the hike would not raise loan or mortgage rates, or affect the economy: "I think that it would have a negligible effect on the money supply." To attract more savings and further increase the supply of money, the Federal Reserve simultaneously allowed banks to increase their maximum interest on savings...
...youth as St. John the Baptist, and while Tozzi patiently cleaned the fragile ancient marble inch by inch, using only castile soap and a toothbrush, he began to think it might be a lost statue that Michelangelo is known to have carved in 1496. The possibility has aroused the cautious enthusiasm of a number of scholars, including Italy's Dr. Fernanda de' Maffei, who now presents the full case for attributing the statue to the sculptor. The argument draws its greatest strength from 169 photos, which compare the statue with dozens of known Michelangelo paintings, drawings and sculptures...
Mancall adopted a somewhat more cautious attitude toward the possibility of U.S. troop withdrawal. He suggested that the "dominoe theory" might apply to this situation--that if we let one nation fall, others may fall with it. Nevertheless, he too favored initiating some sort of negotiations...
...balance-of-payments deficit by imposing an interest equalization tax. He can be expected to fight for the maintenance of present wage-price guidelines, work for continued easy credit, try to devise new means of reducing unemployment, and in general follow the blueprint of his predecessor. But he is cautious about predictions and somewhat wry about his promotion. "Walter had enough sense to get out while he was ahead," he says...
...movement its name. In his Memoirs, which have been running, off and on, in the Soviet press since 1960, he has tried to present an unbiased picture of the recent Russian past. It is a gallant and encouraging try, but unfortunately-thanks to a combination of Ehrenburg's cautious memoament and official censorship-it only lifts the Iron Curtain half...