Word: feds
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Dates: during 1980-1989
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...appointees gained a majority on the seven-member Federal Reserve board of governors last February, predictions abounded that the central bank would adopt a more stimulative monetary policy in an effort to pump up the economy. After all, the Reaganite faction would be led by Manuel Johnson, the current Fed vice chairman, who is a former Assistant Secretary of the Treasury, certified supply sider and onetime critic of the Reserve Board for being too tightfisted in its fight against inflation. So far, the new lineup seems to have done its job. Since last March the Fed has steadily reduced...
...Robert Heller -- have generally worked well with Volcker and his allies Henry Wallich and Emmett Rice. Only Seger, a former Michigan bank regulator, has publicly sniped at Volcker. One of her complaints: the central bank's staff, which answers to the chairman, does not keep the other Fed governors fully informed of its actions...
...economy needs some juice. "There is a broad consensus on monetary policy on the board right now," says Johnson. For the past three months the governors have let the basic money supply grow at a 16% annual rate -- much faster than the 3%-to-8% target range that the Fed originally set for this year. That accommodating policy has allowed the growth rate in the gross national product to bounce up from .6% in the second quarter to 2.4% in the July-September period...
Located in front of the Currier House grill, the Juke stands seven feet tall and sports a 22-by-16 inch sceen. Its speakers are loud. Very loud. And, whether it's fed money or not, the Juke is programmed automatically to play videos and televised alcohol advertisements...
...Atocha, a Spanish galleon that sank off the Florida coast in 1622. He retrieved 118,343 items, including emeralds, gold bars and silver coins, with a potential worth estimated by Fisher at $170 million. Last week, after a 22- member committee assigned a value to each item, Fisher fed the data into an IBM computer, which apportioned the goods among 1,650 of the expedition's investors and employees based on their contribution -- either in dollars or hours worked -- to the project. Fisher's take, which ran to 125 computer pages, consisted of silver coins. He received no gold...