Word: feds
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Dates: during 1960-1969
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...Federal Reserve decried the inflationary danger long before the Administration and most businessmen did, and Bill Martin, who values his independence more than his popularity, bravely took steps that the President openly criticized. At Martin's urging late in 1965, the Fed sought to defuse demand by raising the discount rate from 4% to 4½%. The discount rate is, in effect, the interest that the Fed charges to its member banks for borrowing from the Federal Reserve System. Because it is the rate upon which all U.S. interest rates are based, the Fed's hike effectively raised...
...Fed can be faulted, though to a much lesser degree than the Administration, for being slow in using another of its regulatory tools - the money supply - and later on for overusing it. Despite their waning hopes that Johnson would raise taxes, the Fed's governors kept rapidly increasing the supply of money during the first part of 1966. Businessmen, eager to expand their overworked plants, hired more employees and built inventories, went on a borrowing spree and were willing to pay a premium price for money. Loans to business - which usually flatten out during the first half - actually jumped...
Doran beat Ben Smith who had been moved to defense in place of Demment at the Harvard blue line. He passed to All American center Doug Ferguson, who was checked out but passed to Doran in the corner. Doran then fed charging left wing Dave Ferguson in the middle, and the Cornell co-captain placed his second goal into the upper left corner from ten feet...
...think we trifle with the intelligence of the American democracy when we assume that it will never accept bad news, must indeed be fed a constant diet of good news about past programs, accompanied by forecasts of catastrophe unless new and even greater ones are enacted...
...Harvard, thoroughly stunned, could not hang on. At 19:10 Kinasewich fed Bobby Quinn from behind the cage, and Quinn rammed the puck home...