Word: feds
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Dates: during 1970-1979
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...Fed put more money into the economy, but Burns himself knew that it could do so only temporarily without having an inflationary effect. He went to see shrewd, conservative Wilbur Mills, whose word on economic matters is virtually law in the House. Mills agreed to promote an investment-credit bill, should one be needed. Burns also opened communications with John Connally, the Texas Democrat whom Nixon had just made Secretary of the Treasury...
...shabby cynicism, Wallace set Nixon up like a good bantamweight working out a deadly series of combinations. For the past month he let rumors build that he was going to challenge federal integration requirements, and fed the rumors by pushing a $1,500,000 bill in the state legislature that would fund 200 additional state troopers for the coming school year...
When Burns was promoted to the Fed chairmanship in January 1970, he mellowed, but he also became increasingly independent professionally. In his W.C. Fields tones, he spoke up?to the President, to Congress, to the public. Disenchanted by the Administration, Burns feels that some of the President's advisers are shallow, even deceitful men. He has no such criticism of Shultz; their differences only involve economics...
...Fed Up with Inflation...
Advocates of an incomes policy say that it might well work today because the public is fed up with inflation and receptive to action. Besides, now that the steel settlement is out of the way, most major unions have caught up with inflation and are eager to preserve the purchasing power of their recently won gains. At very least, a presidential guideline for wages and prices would give company chiefs a bargaining point in labor negotiations, and would give labor leaders a talking point to temper the demands of their militant rank and file...