Word: centralized
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...whether the credit facility inappropriately favors one or more specific participants over other institutions eligible to utilize the facility.” By examining who has received credit from the Federal Reserve during the crisis, this amendment sets a political precedent that could result in a constrained central banking authority during future crises...
...even greater scale, this amendment violates one of the basic foundational principles of our central banking system: Our economy hinges on the trust that we place in the Federal Reserve to look out for the best interests of the economy at large, independent of any political influence whatsoever. Through administrations that might be victim to political pressures of all types, the Federal Reserve does what is right for the stability of our economy, be it the case of former Chairman Paul Volcker’s raising of interest rates to historically high levels in order to cut inflation...
...addition to a central “Main Table” discussion focusing on economic issues, members of HUCTW and the University have broken up into five Working Groups to discuss “policy questions of mutual interest”, according to the statement...
...Central Square. 581 Mass. Ave. 661-1580. Monday through Saturday, 7 a.m. to 10 p.m., Sundays...
...Prospect St., Central Square, Cambridge. Fridays, 8 p.m., through June 18. $12 for students...