Word: short-term
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...looked as if Carter and Burns were on a collision course over whether to stimulate the economy, there was speculation that Burns would try to thwart any presidential attempt at fiscal pump priming by tightening up sharply on credit. In recent weeks the Federal Reserve has indeed begun raising short-term interest rates-to try to rein in what it considers an overly rapid growth in the money supply now that inflation is bumping back up to double-digit levels. The Federal Reserve's move toward tighter credit, while welcomed by businessmen who share Burns' concern about inflation...
...begun to flood into the economy as it picked up steam in early spring. The group's decision was to push the federal funds rate up a bit, to as much as 5½%. The Federal Reserve's tighter money policy is already showing up in higher short-term interest rates-to which the stock markets are keenly sensitive-as well as in a rise in the prime lending rate that banks charge their best customers. At week's end New York's Citibank raised its prime one-quarter point, to 6¾%, the second such...
Countries must develop short-term alternatives to oil, such as unclear energy, coal and other fossil fuels, he said...
...Coalition, endorse his views. "This is it," says Jack Hession of the Alaska chapter of the Sierra Club. "This is the nation's last chance to set aside meaningfully large areas of Arctic and subarctic lands. It doesn't make sense to sacrifice the lands now for short-term economic gains...
...does exist for dance, but you don't have to be 'educated' to enjoy a dance performance," she said. "I'm hoping there will be people who come to this performance who've never seen dance before, that we can help to broaden Harvard's cultural offerings." In the short-term future, the Company is planning to hold auditions for new members next fall, and hopes to offer more than one concert next year...