Word: interests
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Dates: during 1980-1989
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...compounded at home when the Federal Reserve Bank raised the discount rate a half point, to 7%. The move was a clear sign that the Fed, frightened by recent indicators, does not believe the new Administration's rosy assertion that inflation can be held in check without higher interest rates...
...never any present danger. Now, however, comes fresh evidence that inflation may be making a comeback at a time when it could play havoc with the aging economic expansion and the new Administration. A serious rise in prices would force the Federal Reserve to fight back by pushing interest rates higher, which runs the risk of choking the economy, boosting the federal budget deficit, and ballooning the cost of President Bush's savings and loan bailout...
...prime rate stood at 8.5%. But Bush, even though he pledged during the fall campaign to drive inflation down to 2%, insisted two weeks ago that he is not "overly concerned" about the threat of rising prices and cautioned that he "would not like to see" the Fed push interest rates higher. In Tokyo last week, Bush asserted that the Fed might be overreacting to the inflation report. Said he: "I don't think you can make a judgment on one month's figures." But the President added that while he and Greenspan have "got a little difference of interpretation...
...spurt in interest rates could make even that projection seem unduly optimistic. The higher rates would boost the Government's cost of borrowing for the bailout, as well as worsen S & L losses by raising the interest that ) the thrifts must pay depositors. To calm fears of a possible run on deposits, Greenspan said last week that the Fed will provide cash to any insolvent S & Ls that need it to meet withdrawals...
...relies again on individuals," says MSA member Edith I. Ramirez '89. "The fear is that if the individuals don't take a real serious interest in the issue, that very little will really be done...