Word: fed
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Dates: during 1970-1979
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...first six innings, the men in Dodger Blue owned the pinstripers. Tommy John slung his slop effectively as the Yankees fed the infield worms plenty of rawhide...
...week the discount rate hit 8% and bank prime-interest rates reached 9¾%-in both cases the highest levels in nearly four years. Worried that tight credit might cause a recession, President Carter last week said he thought rates were "too high," and added that he hoped the Fed would soon be able to ease the squeeze...
Brown-haired, blue-eyed Jason White looks like any sturdy, active, eight-year-old boy. But Jason is different; he cannot eat a bite of food. Ever since doctors removed his diseased stomach and part of his intestines five years ago, he has been fed almost entirely by vein, and seemed destined to spend his remaining years in hospitals. Now, outfitted with a newly designed life-giving vest, Jason is living at home and thriving...
...simple: The Federal Reserve Bank has to give up the notion of combatting inflation by contracting the money supply. Since inflation is primarily structural, the supply of money has little effect on prices. But it has tremendous effects on the construction industry and the housing market. When the Fed tightens money, interest rates zoom (up to 10 per cent at present), and people can't afford to borrow money to build or buy housing. Construction workers go on welfare, real estate values skyrocket, and you just get more inflation...
...Economic Advisers under Lyndon Johnson, is concerned that the Federal Reserve may yet push interest rates high enough and squeeze hard enough on the U.S. money supply to bring about a recession. In the absence of any effective anti-inflation program from the Carter Administration, says Okun, "the Fed really has only two buttons in front of it. One says, 'Validate 7½% inflation' [by pouring out enough money to permit prices to go on rising at that rate]. The other says, 'Cause a recession.' And there are people I know on the Federal Reserve who feel that validating the inflation...