Word: restraining
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...first three months of 1966 #151; tge lowest levels in a dozen years. Simultaneously, the capacity-straining expansion of the U.S. economy has brought an unprecedented demand for borrowing to buy everything from color TV sets to new factories. With the Federal Reserve Board keeping credit tight to restrain the economy, there isn't enough money to go around. One result is the most frenzied scramble for savings accounts in years. Nobody is really certain whey the public is saving less, but economists have lots of theories. Hedge Buying against inflation has sopped up some money. So have...
...politicians, the Rag Market in Birmingham. There he had barely stepped onto the podium in the huge underground concrete hall when an especially rabid band of hecklers shrieked so loud and so long that Wilson could not be heard above the din. When police waded into the crowd to restrain the troublemakers, Wilson waved the bobbies off. "They are not in need of police protection," he said. "They are a matter for the Ministry of Health-Mental Health Department...
...Jersey withdrawal was a significant sign that scarcer and costlier money-that classic tranquilizer for a souped-up economy-was finally starting to restrain spending. Another sign: the National Industrial Conference Board reported that the nation's 1,000 largest corporations, which account for 75% of business capital spending, are making plans to expand less rapidly than they did a year earlier...
...hint that the Government may impose stronger curbs on private spending abroad-without indicating what they would be. In any case, the Administration is still leaning away from such emergency brakes as severe credit tightening or mandatory controls on foreign investment, is keeping mum on whether it may restrain U.S. tourist spending...
...invoked the guidelines to enforce price rollbacks or holdbacks not only on steel, autos, aluminum, copper, and wheat and corn products-but also on such lesser items as mechanical pencils and catchers' mitts. During that same period, the President and his aides have employed the guideline concept to restrain wage increases for workers in the steel and maritime industries-as well as for federal employees. Thus the President has lived up to the warning-or threat -made by Treasury Secretary Henry Fowler, who, in a recent speech to the National Association of Manufacturers, said that it was "imperative" that...