Word: steered
(lookup in dictionary)
(lookup stats)
Dates: during 1970-1979
Sort By: most recent first
(reverse)
...failure of fiscal policy has left Burns in a position he devoutly hoped to avoid. In a sense, he is being forced to try to steer the economy by monetary policy alone?or, as one economist put it, "play God." The Federal Reserve must try to gauge the exact amount of money that the economy needs, and economics is not that precise a science. Burns has other arguments against exclusive reliance on monetary policy. If money is squeezed, he says, the policy unfairly hurts particular types of borrowers. Among the victims: local governments, which often must sell bonds in order...
...they have always functioned as a supreme court of money. Today, the Federal Reserve's power to control the flow of new money into business and influence interest rates for lending makes it about the only arm of Government left with much room to maneuver in trying to steer the economy. As businessmen watch their profits drop, investors see stock prices sink, and housewives note other prices continuing to rise, everybody is waiting to see what Federal Reserve Chairman Arthur Burns and his fellow governors will...
...year. A few subway stops on the MBTA beyond Airport, the Downs offers the best in New England racing. Last year Bill Veeck of St. Louis Browns fame staged the longest and biggest ($200,000 added) turf race in America, Veeck also gave away prizes to the fans- a steer, a horse, champagne, and free dinners at MacDonalds...