Word: tightening
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Nonetheless, it seems imperative for the Federal Reserve to tighten up by feeding less money into the banks than people want to borrow from them, an effort in which Miller will need Carter's full support. Though the board runs its own show on interest rates and money supply and is not subject to presidential orders, as a practical matter it must try to coordinate its policy with that of the Administration...
Labor Law Reform. The Administration supported the union-backed bill to tighten rules covering unfair labor practices by management and to speed up legal proceedings when complaints are brought against employers before the National Labor Relations Board. The House passed the bill, but conservatives managed to kill it with a filibuster in the Senate...
...courses were as popular as last year. Astro 8, long a favorite of the football and hockey teams, dropped more than 120 students in enrollment from last year--a fall that could have something to do with the efforts of course instructors to tighten up requirements...
...even worse than first estimated. President Carter huddled with his economic advisers to plan a Stage Two anti-inflation program and warned in a speech to the steelworkers that it will be "tough" and require "some sacrifice from all." The Federal Reserve made some additional moves to tighten credit, the dollar sank to a new low against the Swiss franc, and prices worried down again on the stock exchanges...
...according to high Egyptian officials, would be to propose detailed and complicated negotiations that ignore the basic issue of Arab sovereignty over the occupied lands. If Sadat balked at participating in such talks, he might look irresponsibly stubborn. Yet such detailed talks could drag on indefinitely, allowing Jerusalem to tighten further its hold on the occupied territories by building or expanding Israeli settlements there...