Fed Maintains Tight Money Policy With Slight Easing
The Federal Reserve voted to keep a tight hold on the money supply while loosening short term growth limits. Minutes from the Dec 18-19 FOMC meeting show annual targets for 1981 set below 1980, with M1A at 4.25 percent and M1B at 4.75 percent, and a federal funds rate allowed to drift up to 20 percent.
MENTIONED IN THIS ARTICLE
Washington
Federal Reserve
Federal Open Market Committee
Paul Volcker
Goren on Bridge What Action Do You Take
Expert bridge column outlines decision making when facing a tricky sequence. It analyzes common missteps, suggests safe alternatives, and highlights counting, signaling, and partner communication to steer toward steady play under pressure.
Investigators cite improper gasohol loan Guarantees
Private investigators told a House subcommittee that the Farmers Home Administration improperly passed out about 341 million dollars in loan guarantees last fall tied to gasohol. They said 15 actions in the year’s end and start created the bulk of the guarantees, while agency officials avoided criminal intent but acknowledged ongoing probes.
MENTIONED IN THIS ARTICLE
Washington
House
Farmers Home Administration
J. Terrence Brunner
Better Government Association
Agriculture Department
Inspector General Office
Brunner
BGA
Energy and Commerce
Bruce Ingersoll
Chicago Sun-Times
Sun-Times
Inspector General
Subcommittee
John Dingell
D-Mich
Opelika
Ala
Robert E. Magee
Department
Dingell
Gasphol
Bruce Yellen
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