Word: fed
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Dates: during 1990-1999
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WASHINGTON, D.C.: Ending weeks of speculation, the White House announced that President Clinton will nominate Alan Greenspan to a third term as Federal Reserve Chairman. The President also chose White House budget director Alice Rivlin for the number two position at the Fed, and economist Laurence Meyer to fill the third vacant spot on the seven-member board. The choice to renominate the highly popular Greenspan was a difficult one for a President frustrated by Greenspan's refusal to lower interest rates for fear of causing runaway inflation. Clinton has pushed hard for a lowering of rates...
What we haven't learned is how the candidates differ on issues of importance. But today is the New Hampshire primary, and fed up as we are with watching 100 Forbes ads per hour of prime time, we have decided to take a stand--sort...
What's more, the notion that tying the dollar to gold is needed to keep inflation low is simply false, mainstream economists say, and makes Forbes' passion almost inexplicable. Ever since Fed chairman Paul Volcker, whom Forbes calls an "obtuse man," wrung double-digit inflation out of the economy in the early 1980s, yearly price increases have averaged 3% to 3.5%. Yet despite this climate, Forbes called on the Treasury Department last year to issue bonds that were indexed to inflation to eliminate this unacceptable risk to principal...
...marine, Bickle has found himself stricken with insomnia, and, in the movie's opening scene, decides to undertake driving the moonlight shift on a taxi cab simply as a way of filling up the time. Increasingly fed up with the sordid people he encounters in his midnight runs--prostitutes, pimps, pushers and various basket cases--he begins a strict physical and mental regimen in pursuit of some goal at which we can only guess. After an innocent attempt to woo a senator's aide (Cybill Shepherd) and to rescue a teenage prostitute (Jodie Foster) from the streets, Travis resorts...
...President does have a chance to nudge the Fed a bit more, legitimately. To fill the just-vacated post of vice chairman, the Administration has been floating the name of Felix Rohatyn, a top investment- banking dealmaker at Lazard Freres. Rohatyn, a Democrat best known as the head of the municipal corporation that saved New York City from bankruptcy in the 1970s, has both the assertive personality and the towering reputation on Wall Street to voice progrowth arguments forcefully inside the board. In any case, to keep the economy humming, the budget-bound President has only one place to look...