Word: deepened
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Dates: during 1980-1989
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...easily force the Administration to reconsider its refusal to impose wage and price controls; such a move, or even the threat of it, would discombobulate business so badly as to frighten away investors. Likewise, further inflation could force the Federal Reserve to push up interest rates further and thus deepen the recession that even the Administration is now forecasting for this year. That in turn could cut into corporate profits and send stock prices tumbling. Last week, in fact, a momentary sell-off actually erupted when rumors circulated that the Fed was planning to raise interest rates again...