Word: urgencyâ
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Dates: during 1974-1974
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...overriding mood of the White House was one of urgency???with good reason. So far, the Administration has relied heavily on the tight-fisted money policy of the Federal Reserve Board to temper prices. That policy has lifted interest rates to towering levels and thus attracted massive amounts of money out of the mortgage market, put an enormous strain on banks and credit, and generally slowed production?without even denting inflation. Growing doubt among investors about the Administration's ability to control the economy has sent the stock market into a frightening slump. The Dow Jones industrial average has plunged...
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