Word: feds
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Dates: during 1980-1989
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Easier Money. Though no one is advocating that the Federal Reserve flood the U.S. with money, many economists believe that Chairman Paul Volcker should be some what less rigid. "The Fed will have to ease up," says Edward Yardeni of the E.F. Hutton brokerage house. "Otherwise, we'll face the risk that this recession will turn into something uglier, a depression...
...because the Republican National Committee has more computer-collected campaign funds to distribute. But the younger Republicans also tend to be more rigidly ideological and militant on issues than their predecessors. Arizona Congressman John Rhodes gave up his post as Minority Leader two years ago, largely because he got fed up with the daily grind of trying to reason with unreasonable newcomers. By contrast, many recently elected Democrats ignored local party organizations, made it to Congress on their own, and thus have little sense of loyalty or obligation to their ostensible leaders in Washington. Tip O'Neill, who does...
...Fed changes numbers
Last week the Fed indicated that it wants to change the script of the Friday follies. It proposed publishing seasonally adjusted figures for a four-week period rather than for just one week. Statistics for the longer period are not expected to show the often wild fluctuations of the weekly ones. The board is to make a final decision within four weeks...
Similarly the use of historical example and comparison between seemingly unrelated topics can leave the reader more bewildered than enlightened; his column comparing toothpaste with the Fed is a case in point...