Word: curbed
(lookup in dictionary)
(lookup stats)
Dates: during 1980-1989
Sort By: most recent first
(reverse)
Small as it is, Carter's program will pinch consumers further before it yields its desired effects. On March 14, the President authorized the Federal Reserve Board to curb consumer credit, on the theory that heavy borrowing has fueled inflationary buying. The Fed immediately issued tough guidelines. Last week banks, department stores and other lenders began setting up rules to stay within the guidelines. Samples from Manhattan's Citibank, the second largest bank in the U.S.: no new Visa or Master Card credit cards; cash advances on existing cards to be limited to $300, vs. a previous maximum...
Late last week, Whitten scheduled a vote on the measure but abruptly cancelled the vote, citing committee members' apprehensions about setting a precedent for transfers when Contress is trying to curb federal budget expenditures...
...department-store dishware to heavy-industry assembly lines. Some bankers even feared that a credit crunch, when almost no loan money would be available, could hit by summer. That would doubtlessly slow the economy, which is still lurching forward unsteadily at a 2% annual rate, and thereby begin to curb the rise in prices...
While conclusions are difficult, it is clear that the more successful inflation fighters are those, like Germany and Japan, that were able to recognize and curb inflationary tendencies before they roared put of control. By consistently maintaining a strong currency and exercising a cautious restraint in monetary and fiscal policy, both of these energy-importing countries have thus far been able to withstand the global price spiral...
...less if Carter had acted earlier. If he had submitted a balanced budget in January, some of the worst shudders in the financial markets might have been avoided; they occurred largely because investors saw the original budget as lax and concluded that the Administration would do nothing effective to curb inflation. Even now, the President's plan is inadequate in many respects. Like his energy program, it flourishes a rhetoric of sacrifice and national duty but actually asks