Word: feds
(lookup in dictionary)
(lookup stats)
Dates: during 1980-1989
Sort By: most recent first
(reverse)
Like all good hosts, the Harvard women's track team fed its opponents a meal Saturday at Gordon Indoor Track. Unfortunately for the Northeastern Huskies, all they got to eat was a large helping of dust. The Crimson women soundly defeated Northeastern, 82-31, and raised their record...
...economists forecast that the U.S. gross national product, after adjustment for inflation, will grow a poky 2.3% in 1989, down from an estimated 2.8% last year. The economy will slow as the Fed's tightening grip on the money supply pushes up interest rates. At a growth rate of about 2% or less, most economists think the U.S. can expand without getting out of balance. "This is a slowdown the Fed can be happy with," says David Wyss, chief financial economist for Data Resources...
...that pace keeps up, the Fed may boost interest rates to restrain growth. Says Sinai: "The Fed has already tried to introduce a mild dose of tightening to slow the economy. But it just isn't working so far." Interest rates have been steadily climbing since March. The federal funds rate, which is the interest that banks charge one another on overnight loans, has increased from 6.5% to nearly 9.5% during the past nine months. Economists polled by TIME estimate that the prime lending rate will climb from its current 10.5% to 11% by June but will end the year...
...Fed restrain the economy without choking it? Says John O. Wilson, chief economist for Bank of America: "The Fed is in a real bind right now. It is going to have to walk a tightrope. And if it doesn't act soon, the financial markets will lose confidence." Says Melton: "In principle, this can be done with such awe-inspiring precision that the economy slows down to a growth rate of exactly 2% and inflation starts to slow. But as a practical matter, it rarely works out." If credit is too tight, the resulting interest- rate run-up could trigger...
...West. "This is going to be the worst situation any Greek Prime Minister has inherited since the end of World War II," says Mitsotakis, noting that his most difficult problem will be to "restore the economy, which is in total disarray." Most observers, though, feel that Greece is fed up with overbearing political parties and personalities on both right and left, and may be headed for what is being called the "Italianization" of Greek politics, a period of coalition governments...