Word: steepened
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Dates: during 2000-2009
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...descent starts to steepen, some of the passengers are starting to scream (including a few Fed governors, according to Monday's Wall Street Journal). Last week, Sen. Byron Dorgan (D-N.D.) implored the Fed to cut rates and avoid a recession before it was "too late." And a sizable minority of Wall Street went into Tuesday thinking Greenspan should have cut rates by a quarter-point, as a Christmas gift to the markets and as an acknowledgment that...
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