Word: feds
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Dates: during 1990-1999
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...gloom-and-doom scenario, the Federal Reserve Board will not be satisfied with such modest rate hikes. In order to nip in the bud any renewal of inflation, the Fed will begin an aggressive tightening of credit and deliberately push interest rates much higher still. That will cause a chain reaction. It will knock stock and bond prices much lower, make consumer buying and business investment more difficult to finance, and maybe put a stop to what is about to become the longest economic expansion in U.S. history...
Relax. That won't happen. This specter is no more real than the many others that stock and bond traders torture themselves with every now and then, especially when times are good. In fact, inflation is likely to revive only slightly, if at all. The Fed may not tighten at all, and if it does, it will most likely be with a small, one-shot move that's already been discounted. Interest rates a year from now may well be lower than at present...
Alan Greenspan, party pooper, is back on the job. The morning after the Dow and NASDAQ each threw triple-digit shindigs over May?s sleeping-dog inflation number, the Fed chairman told Congress ?- and, of course, the intently listening markets ?- to keep the music down just a little bit. "When we can be preemptive, we should be, because modest preemptive actions can obviate the need of more drastic actions at a later date that could destabilize the economy," he told the Joint Economic Committee. Folks, that?s as clear as the man gets without actually saying it: The Fed will...
Moved PermanentlyMoved PermanentlyFortune Investor DataPresumably, Greenspan will stop worrying too -? if he ever started. Many saw the Fed?s "bias shift" in May as a virtual rate hike, one that showed up in the market?s interest rates and took some steam out of stocks without the central bank?s actually having to do anything. Now, there are only two reasons for the Fed to raise rates at its June 29 meeting ?- to loosen up labor markets or simply to bare its teeth ?- and neither seems compelling enough for Alan & the Gang to act before the next meeting, in August...
...government put up looks incomprehensible today, and it provoked, among all classes and conditions of women, furious and passionate protests. The response of the police, the courts and sometimes the crowds of suffragist opponents still makes shocking reading. Women were battered in demonstrations and, on hunger strikes, brutally force-fed in prison. When these measures risked taking lives, the infamous Cat & Mouse Act was passed so that a dangerously weakened hunger striker would be released and then rearrested when strong enough to continue her sentence. Under its terms, Mrs. Pankhurst, age 54 in 1912, went to prison 12 times that...