Word: sprinkel
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Dates: during 1980-1989
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Thus Reagan might turn instead to Beryl Sprinkel, chief economist of Chicago's Harris Bank and a member of the TIME Board of Economists...
...decline, but agreed that a contraction is now all but unavoidable. Yet they believed that the 1981 slump will not be as sharp as this year's, when the GNP in the second quarter declined at an annual rate of 9.6%. Republican Conservative Monetarist Beryl Sprinkel, chief economist for Chicago's Harris Trust & Savings Bank, predicted that the economy will show about 3.9% real growth on an annual basis for the last three months of 1980 and then increase at a 4% yearly rate during the first quarter of 1981. Then he sees business slipping back into...
...response, Monetarist Sprinkel argued that the Federal Reserve has not really been sticking to its tight money policy at all. In Sprinkel's view, Volcker "aborted the recession last spring" by injecting money rapidly back into the economy to ease the downturn during an election year. Said Sprinkel: "I have been watching the Fed since Harry Truman's days, and though Presidents have no direct control over the Fed, the White House does have all sorts of subtle influences to help it get the sort of monetary policy it wants...
Businessmen and other students of trade mostly approved of the ITC ruling, if only because they feared that restrictions on auto imports could set off an intercontinental trade war. Says Economist Beryl Sprinkel, of Chicago's Harris Bank: "Limiting auto imports would not be the end of it. If we start down that road, the whole world can.play the game...
...continue rising, as the Federal Reserve attempts to remain within its 4% to 6½% annual growth target for money. Thus just as the economy appears to be getting up off the canvas, these higher interest rates are likely to knock it down again. Said Republican Monetarist Beryl Sprinkel, chief economist for Chicago's Harris Trust and Savings Bank: "The interest-rate decline, which was getting under way and making significant progress, has been aborted." Greenspan predicted that the economy could not return to solid growth until mortgage rates declined to about 10%. He did not see that happening...