Word: fed
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Dates: during 2000-2009
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...strong-dollar mantra was originated by O'Neill predecessor Robert Rubin in the mid-1990s precisely to avoid such confusion. "It was boring, it was dull, it was repetitive, it was nonintellectual, and it worked like a charm," is how Alan Greenspan once described it when he was Fed chairman. "By not varying the statement, an issue never arose about whether a comment involved a subtle change or not in the policy toward the dollar...
...feel about Treasury Secretary Henry Paulson's proposal to expand the powers of the Fed? -Josh Lyman, SeattleI'm very cautious because it represents the former head of a very large Wall Street firm, acting as Secretary of the Treasury, explaining how we could regulate the economy further to the advantage of Wall Street and the disadvantage of the rest of the country...
...mandate of the ECB, as well as its leaders’ beliefs, differs significantly from that of the American Fed. Since its inception in the Maastricht Treaty of 1992, and largely due to the powerful influence of the conservative German Budnesbank, the ECB’s main charter goal is not to ensure growth (and the political survival of politicians in office). Rather, it is to “maintain price stability...
...everything else he said, he was right. At these crossroads, however, Europe’s long-term and short-term goals are aligned: It should stick to its responsible monetary polices and avoid inflation in order to protect the purchasing power of most Europeans. Especially in the context of Fed moves, if the ECB gives in to irresponsible and demagogic politicians, Europe will eventually suffer not only from higher unemployment, but also from higher price levels brought about by internalized expectations...
...supporters, and by Thanksgiving was soliciting hundreds of signatures onto petitions to get Clinton on the primary ballot. Last week, she made 200 meatballs for the staffers and volunteers gathered at the local campaign office for a debate-watching party at Clinton's sparse storefront headquarters. "When you're fed, you're happy," she says...