Word: demands
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Dates: during 1970-1979
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...adamant that the U.S. cut its oil imports to straighten out its trade imbalance and firm up the dollar. In the third corner will be Japan, embarrassed by a massive trade surplus with both the U.S. and Europe and pleading for more time to cut it back by stimulating demand at home...
...years. The pledge obviously put strong new pressure on Carter to curtail U.S. oil imports as well. In return, the Europeans were prepared to offer a concession of their own-an indication by West Germany of willingness to expand its economy slightly, thus complying with a long-standing U.S. demand that Bonn pull its weight and help move the world economy toward real recovery...
...economy will not suffer a credit crunch but only a squeeze late this year and early next. In the New York financial community, the betting is that interest rates will go up a bit more, but not much; that Miller will get the money supply under control; that loan demand will fall as the economy slows; that Government borrowing will be heavy, but enough money will be left to meet the reduced borrowing demands of most?not all ?companies and individuals...
There are structural imbalances in the economy too that seem inaccessible to either monetary or budget policy. To cite just two: many of the unemployed are unskilled women, blacks and/or teenagers, whom employers are reluctant to hire unless demand reaches inflationary heights; medical and hospital costs seem to rise rapidly and inexorably no matter what is happening to business in general. Miller recognizes that such troubles need special attention, but they are no part of his responsibility at the Federal Reserve...
...select group of high officials including Richard Nixon and Henry Kissinger who are free to make use of classified secret material in the preparation of books and to demand extraordinary sums of money for them...