Word: rahn
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...Reserve Board for being too tightfisted in its fight against inflation. So far, the new lineup seems to have done its job. Since last March the Fed has steadily reduced the discount rate that it charges on loans to member banks from 7 1/2% to 5 1/2%. Says Richard Rahn, chief economist for the U.S. Chamber of Commerce: "I don't think we would have had all those drops in interest rates without the new crowd...
...discount rate, which it levies on loans made to member banks, from 9% to 8.5%. It was an unmistakable signal for banks to lower the interest rates they charge customers. Even some of Volcker's harshest critics are now optimistic, if not entirely satisfied. Says Richard Rahn, chief economist for the U.S. Chamber of Commerce: "The Fed has reacted late and it has probably not gone far enough, but I think we can avoid a recession. The economy should rebound." Administration officials share that view. Says Manuel Johnson, the Assistant Treasury Secretary for Economic Policy: "There's time...
...Crimson sensation lost to Azziz Rahn in later action...
...Rahn works in the Radcliffe Publications and News Office and has been studying the folk fore of contract archaeologists in New England for the past seven years...
...moment's notice, the Government could stoke the economy by cutting taxes, increasing spending and expanding the money supply. "There is a zero chance of depression," says Richard Rahn, chief economist for the U.S. Chamber of Commerce. He scorns the loose depression talk. "The wimps of the world," he says, "buckle when the going gets a little rough...