Word: looser
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...Ford B. Ford, the Assistant Secretary of Labor in charge of MSHA, denies that Reagan's antiregulatory philosophy has demoralized inspectors and reduced the number and quality of inspections. "I have not sent out any signals to overlook things," he says. Yet Ford does admit to a new, looser approach to mine safety that concentrates more on persuasion than fines. Says Ford: "Enforcement is not the total...
...Weidenbaum is a member of Reagan's "economic troika." Regan last week called upon the Federal Reserve Board to loosen the tight money supply. He merely wanted the Fed to honor its own targeted growth rates for the money supply and avoid choking the economy, but to monetarists looser money is absolute heresy...
...high interest rates, pressure will build for Federal Reserve Chairman Volcker to ease up on the monetary brakes. Although monetary responsibility is supposed to be one of the keystones of Reaganomics, the Administration has hinted on several occasions in the past few weeks that it might consider a somewhat looser credit policy. Treasury Secretary Donald Regan first mentioned this possibility in an interview last month. At a California fund raiser, the President said that high interest rates were "hurting us in what we are trying to do." In an interview with FORTUNE magazine, the President called for "some loosening...
...forcing the Federal Reserve to adopt a looser money policy might be an extremely shortsighted strategy. As Reagan Adviser Greenspan warns: "If the Fed eased, it would reignite inflationary expectations." Though interest rates would come down for a while with a program of easy credit, they would then probably rise quickly once again because financiers would be anticipating still higher inflation and demand still more interest. In the end, rates could well go higher than they...
...four of West Germany's eleven states. Moreover, the vote indicated that Schmidt's support of nuclear energy and the basing of new U.S. missiles on West German soil are meeting increasing resistance in the electorate. S.P.D. leftists had already come out in favor of disarmament and looser links with NATO. As the Chancellor prepared for talks with Ronald Reagan in Washington this week, he seemed more vulnerable than he has at any other time since taking office...