Word: strengthening
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Dates: during 1970-1979
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...midweek selling spree on the Big Board. The dumping spread, irrationally, not only to the commodities and futures markets but also to the international currency centers. Out of fear and uncertainty, traders who had been buying dollars on Monday on the logical theory that the Fed's moves would strengthen the greenback abruptly began selling them again...
There was a message in the weeklong madness in the markets. Says Democratic Economist Walter Heller: "I think Wall Street was saying, Sure, we think you ought to fight inflation, you ought to strengthen the dollar, you ought to tighten money, but holy smokes, not necessarily to the extent of knocking the props out from under profits." Still, the chaos in the markets deflected attention from the more fundamental significance of the Federal Reserve's moves, particularly its shift toward management of the money supply through direct controls instead of manipulation of interest rates. Conservative Economist Alan Greenspan describes this...
However, Carter made no reference to his statements Tuesday, when he backed the FRB's decision to increase its bank lending rate and tighten the availability of credit in order to strengthen the dollar and moderate gold prices...
...resentments, or would an act of grace have liberated him? By now it no longer mattered. Enveloped in an intractable solitude, he nevertheless saw before him a vista of promise to which few statesmen have been blessed to aspire, a new international order that would reduce lingering enmities, strengthen friendships and give new hope to emerging nations. He was alone in his moment of triumph on a pinnacle that was soon to turn into a precipice...
...Connally has not decided whether to fight Reagan in the California primary on June 3, but the Texan's supporters in California have been working hard to strengthen his chances. They are trying to change the present law under which the victor in the California primary -undoubtedly Reagan -would automatically win all of California's 168 delegates to next year's G.O.P. convention. The anti-Reagan forces would like to revise the law so that if no candidate got 50% of the primary vote, the huge California delegation would be proportionately divided among the winner...