Word: feds
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Dates: during 1980-1989
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...used in effect against the Soviet people, not their leaders. And should the West somehow succeed in pushing the USSR to an economic crises, the Soviet Union could well-become more bellicose than it already is. A hungry bear, after all, constitutes more of a danger than a well-fed...
...Federal Reserve chairman expires in August, and both Washington and Wall Street have been anxiously wondering whether he will serve another four years. He throws up smokescreens when the subject arises. Last week, when Tennessee Senator James Sasser asked Volcker pointblank whether he would be seeking reappointment, the Fed chief replied laconically, "I don't seek jobs...
...mixed. Says one Treasury Department insider: "No President can resist the temptation to put his own man in a spot that powerful." But at least one top economic adviser to the President, impressed with the way Volcker has helped to bring down the inflation rate, hopes the Fed chairman will stay. Says he: "I think we would all benefit if he got another term...
...tolerance of occasional erratic swings in money growth because they support the chairman's long-term goal of stabilizing prices. Last week Edward Yardeni, senior vice president and chief economist of Prudential Bache Securities, put the Street's sentiments succinctly. "Under Volcker," said he, "the Fed has regained its credibility...
...every MASHman needed 7,000 miles from home. Similarly, B.J. Hunnicut was an idealistic Marin County version of Trapper John, and Winchester, however smug he might appear to be about his old-money Bostonian lineage, was a Persian pussycat compared with Frank Burns. Each of these characters and actors fed the M*A*S*H organism without disrupting it. Each helped keep the show alive and healthy without breaking the circle...