Fed faces choice on dollar decline and rate moves
Greenspan and Fed board members weigh letting the dollar fall further or tightening by raising short term rates. Higher rates could curb inflation and bolster the dollar but threaten slowing growth. The dollar slid past 100 yen after a worse than expected April trade deficit of 8.4 billion. Greenspan set to testify before the House Budget Committee amid uncertain markets.
MENTIONED IN THIS ARTICLE
Greenspan
Fed
U.S
Commerce Department
House
Federal Reserve
Paul Boltz
T. Rowe Price
Baltimore
Weak dollar seen as minor inflation factor in broader view
Economists note a weak dollar could lift import prices but say other drivers of inflation matter more. After four Fed rate hikes from 3 to 4.25 percent since February, analysts expect a hold at the next meeting. Currency weakness tied to Germany's revival and US Japan trade policy tensions also influence outlooks.
MENTIONED IN THIS ARTICLE
Fed
Congress
Robert G. Dederick
Northern Trust Co
Chicago
United States
Dederick
U.S
Germany
Japan
Council Accused of Misusing Funds by Local Official
Retired Aiken businessman Robert Schwartz rebuked the Aiken County Council for funding the Economic Development Partnership. He criticized EDP leaders and RSA ties, voiced after budget approval, and noted the absence of key EDP representatives during his remarks.
MENTIONED IN THIS ARTICLE
Council
Aiken
Robert Schwartz
Aiken County Council
Economic Development Partnership
Schwartz
EDP
Fred Humes
Tommy Wessinger
RSA
Aiken County
Also Mentioned on This Page
Malcolm Rawls
City of Aiken
City of
Savannah River Site
Citizens Advisory Board Meeting
Citizens Advisory Board
Radisson Riverfront Hotel
Augusta
SRS
Radisson Riverfront
U.S. Department of Energy
U.S. Environmental Protection Agency Region IV
South Carolina Department of Health and Environmental Control
Bob Slay
Beech Island
S.C
CAB
Mildred McClain
Savannah
Ann Brown
North Augusta
Kathryn May ‘Martinez
Richard Lynch
Savannah River Operati Department of Energy
Bor A ‘Aiken
Carl Langley
Ronnie Young
Young
RSR
Fet
Councilacket
Pam
Montmorency
Julian B. Salley
Ferillo and Associates Inc
Tives
Salley Law Firm
Ferillo
Bali
Vanity Fair
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