Word: restraining
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Dates: during 1980-1989
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...that pace keeps up, the Fed may boost interest rates to restrain growth. Says Sinai: "The Fed has already tried to introduce a mild dose of tightening to slow the economy. But it just isn't working so far." Interest rates have been steadily climbing since March. The federal funds rate, which is the interest that banks charge one another on overnight loans, has increased from 6.5% to nearly 9.5% during the past nine months. Economists polled by TIME estimate that the prime lending rate will climb from its current 10.5% to 11% by June but will end the year...
...restrain the economy without choking it? Says John O. Wilson, chief economist for Bank of America: "The Fed is in a real bind right now. It is going to have to walk a tightrope. And if it doesn't act soon, the financial markets will lose confidence." Says Melton: "In principle, this can be done with such awe-inspiring precision that the economy slows down to a growth rate of exactly 2% and inflation starts to slow. But as a practical matter, it rarely works out." If credit is too tight, the resulting interest- rate run-up could trigger...
...Wall Street showed just how nervous it was when stocks dropped nearly 79 points in the week that George Bush was elected President. "Nobody wants to be blamed for setting off another stock market crash," says a brokerage-house lobbyist. Legislators are still haunted by charges that proposals to restrain takeovers last year helped cause Black Monday. Many Wall Street insiders are now convinced that buyouts and mergers are among the market's few remaining props...
...blond wood facade of Ann Taylor and stumble on the Haymarket, where fresh fruits and vegetables are sold each Friday and Saturday as part of an open-air Boston tradition dating back to the city's founding. We ogle the eggplants and almost buy sizzling Italian sausage, but restrain ourselves. We reach into the bag of candycorn, resigned...
Sample questions from the New York lieutenant's study guide illustrate just how specific: Under what circumstances may a stun gun be used to restrain an emotionally disturbed person? Under what circumstances can a child be removed from his or her home? What information can be made available to the press when an arrest is made...