Word: federales
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Dates: during 1980-1989
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The appearance of sluggishness overseas was compounded at home when the Federal Reserve Bank raised the discount rate a half point, to 7%. The move was a clear sign that the Fed, frightened by recent indicators, does not believe the new Administration's rosy assertion that inflation can be held...
Has the economic bane of the 1970s returned to haunt the late 1980s? For several years, inflation has seemed like a vanquished problem of another era. Price increases during the past half-decade have been remarkably small, never more than 5% annually. Vigilant economists have spotted warning signs from time...
After the latest numbers became public, Federal Reserve Chairman Alan Greenspan gave moneymen an anxiety attack by his frank acknowledgment of the problem. Testifying before Congress, Greenspan called the CPI report "disturbing" because it suggested that the U.S. economy was close to overheating despite the Fed's eleven-month effort...
The inflation news sent tremors of alarm through homes, offices and executive suites, where memories of the inflation battle of 1981-82 still linger. Those fears were quickly rekindled when major banks, led by Chase Manhattan, boosted their prime lending rate from 11% to 11.5%, the second increase in two...
But there's always bingo. According to federal officials, the game has become a $400 million business on the nation's reservations, and for an obvious reason. Since federal laws give Indians some of the privileges of independent countries, gambling operations are free from state regulation. Thus while most church...