Word: tightening
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Seeing slowdown instead of surge, Bill Miller declines to tighten money...
...which determines the pace of money growth and interest rates. The 17 members, seated around a 30-ft. mahogany table in the room where some of the most secret plans of World War II were drawn up, faced an exquisitely difficult choice. They had to decide whether to further tighten credit and raise interest rates, thus taking the risk of tipping the nation into recession, or to maintain rates at their present levels, which might worsen inflation. Their deliberations will be kept secret for a month, but early signs are that the committee, which has been closely divided...
...policymaker: "We cannot go on expecting the wage and price guidelines to hold." Since President Carter has ruled out mandatory controls, the only other policy choice, in the view of White House advisers, is to raise interest rates. Leaks to the press and other pressures on Miller to tighten money became so obvious before the Open Market Committee meeting that Carter sent notes to Blumenthal and Schultze telling them to stop it. The President did not necessarily oppose the Fed's raising interest rates, but he did not want the voters to blame him for it. Said a White House...
...council majority is lobbying for a state bill, introduced by Graham, that would tighten up rent control by ending the eviction of tenants for condominium conversion...
Ross and other rent control proponents are also supporting a bill, filed by councilor and state representative Saundra Graham, that would tighten up Cambridge's present rent control law by prohibiting owners from evicting tenants in order to convert their apartments into condominiums...