Word: pushes
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Dates: during 1970-1979
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...generally expressed satisfaction with the terms, but also for Jimmy Carter. At long last, the White House could claim its first credible victory in the struggle to curb spiraling wage settlements. Big Labor's earlier successes in winning 10% or more in annual pay increases are threatening to push up still higher the nation's inflation rate, which is once again in double digits...
...union leaders are upset because they turned out the vote for Carter in 1976, but his Administration has failed to push through many of their favorite bills. They have also been infuriated by the repeated charges of Carter's inflation fighters that labor has done nothing to help slow the rise in prices. With the postal settlement, however, both sides have the chance to change their tunes. Labor leaders can say that the postal workers accepted a moderate deal, while Carter can pat them on the back for that-and implore other unions to follow...
...interpreted as "the wrong signal at the wrong time." His fellow Senator Daniel Moynihan said that "to send Vance to Geneva is to participate in the butchery now going on in the Soviet Union." A senior White House official declared: "We're in a bit of a pushing match and we'll have to push it out with them...
Miller does have a club: if Congress and the White House will not cooperate, the Federal Reserve will have to crack down so hard on money supply, and push interest rates so high, that there really will be a recession. Characteristically, he put it to Taber in tones of promise rather than threat: "The Fed fits into this model in a rather selfish way. Any economic strategy that works toward lessening inflation will inevitably lessen the pressure on the central bank," and allow it to put out enough money to promote his cherished 4% growth rate...
...with checks that disappear into Federal Reserve vaults, never more to be seen. The less money that banks have to lend, the higher interest rates will rise. The FOMC focuses on the Fed funds rate at which banks lend to each other, targeting its buying and selling to push up or pull down that rate to a desired level. The Fed funds rate influences all other interest rates...