Word: feds
(lookup in dictionary)
(lookup stats)
Dates: all
Sort By: most recent first
(reverse)
...economy fares during the coming year will depend in large part on the actions of the Federal Reserve. Faced with problems ranging from a sagging recovery last fall to an Ohio banking crisis in March, Fed Chairman Paul Volcker has been allowing the money supply to grow more rapidly to keep credit affordable. With inflation still in check, the central bank will be tempted to continue its looser-money policy. "Right now the economy's giving off a mixed picture," says Manuel Johnson, Assistant Treasury Secretary for Economic Policy. "But if we can be sure that monetary policy...
...even as he joined the throng. Teaching, which he called "the next thing to hereditary wealth," paid his bills, but the maverick artist in him rebelled against "this whole literary-academic, semi-fashionable, established accepting-things-at-their-own-valuation world." Privately, he bit the doddering hands that fed him: "The faculty of the college are very much like the city of Greensboro [N.C.]--though this is doing an injustice to several trees which are cleverer than several of this faculty...
...where dishes were routinely poisoned, enemies buried alive and coffins left on doorsteps. The Soong Dynasty is a guided (and sometimes misguided) tour through this blood-soaked landscape. En route, a rush of striking images flash past: the uprooted Charlie living off the kindness of Southern strangers and being fed, on antebellum verandas, heavy doses of the Bible and the idea of America as the Promised Land; his return to the revolutionary cells of Shanghai, where his daughters drifted into circles crowded with apprentice brigands; Chiang's internecine battles with the Communists, followed by his perilous rule under the sway...
...Mexico's midterm elections approached, observers began to wonder whether the domineering Institutional Revolutionary Party (P.R.I.) might be successfully challenged for the first time in its 56-year history. Voters fed up with a stagnant economy and continuing official corruption might, some thought, help the opposition National Action Party (P.A.N.) knock the P.R.I. out of the governorships in two northern states, Sonora and Nuevo León. But the P.R.I. did not even wait for the polls to close last week before claiming a sweep of every office worth winning. The victory was tainted by widespread charges of stuffed ballot boxes...
Foreign-exchange traders were also responding last week to congressional testimony by Federal Reserve Board Chairman Paul Volcker. He announced that Fed policy will continue to be "accommodative," allowing the money supply to grow. That could translate, traders calculated, into still lower interest rates, which would make it less attractive for foreign investors to hold dollars. Volcker insists, though, that he is "not interested in jumping on a decline of the dollar and pushing it lower." He maintains that the answer to the problem of the overvalued dollar is a reduction in the budget deficit. As Volcker pointed...