Volcker Leads Fed With Muted Confidence In Growth Strategy
Paul Volcker heads the Fed as central bank chief, guiding policy to align money growth with real economic expansion. The independence of the board aims to minimize political pressure, while the president can shape vacancies and influence policy through appointments and expectations. The Fed buffers banks, manages reserves, and stabilizes the money supply to curb crises and steer interest rates.
MENTIONED IN THIS ARTICLE
Volcker
Federal Reserve System
Fed
Congress
Federal Reserve
United States
Federal Open Market Committee
New York Reserve Bank
Reserve Bank
Carter
G. William Miller
Treasury
Senate
Leon Taub
Chase Econometrics
Supreme Court
Frederick A. Schultz
Schultz
Florida
Reagan
Board of Governors
Taub
Dollar Rises as Gold, Silver Fall Amid Market Turbulence
Global currency moves show the dollar firming against major European currencies while gold slumps up to 22 per ounce and silver drops over 11 percent. Tokyo's dollar rally ended at 231.95 yen, London gold fixes at 427.50, and U S government silver sales loom over prices. The report notes uncertainty on rates, bullion fluctuations, and a Treasury debt ceiling pause as markets digest potential rate shifts and a Grumman LTV takeover challenge.
MENTIONED IN THIS ARTICLE
Zurich
London
Tokyo
Hong Kong
Commodity Exchange
New York
U.S
Comex
NEDCO 16th Annual Meeting Opens At Syracuse Hotel
The Northeast Dairy Cooperative Federation hosts its 16th annual meeting at the Hotel Syracuse with about 500 members from New York Pennsylvania and New Jersey attending. Topics include milkshed merger surplus government policy and a new member equity program as co ops forecast strong earnings amid industry concerns. The program features welcomes from leaders banquet milk punch hour dairy princesses and a breakfast debate by four young farmers on the milk industry outlook.
MENTIONED IN THIS ARTICLE
Northeast Dairy Cooperative Federation
NEDCO
Syracuse
New York
Pennsylvania
New Jersey
Howard McNamara
McNamara
Robert Forsythe
Co-Op
Amtrak faces deeper cuts in new federal proposal
Amtrak would absorb about 200 million dollars of a 13 billion dollar 1982 budget cut, a 28 percent reduction far above the 12 percent seen at other agencies. If enacted, most passenger trains could be killed, with service likely limited to the Boston Washington corridor and a lean Northeast operation.
MENTIONED IN THIS ARTICLE
Grammaralion
Todas
LTV Corp
Dison
Paul Thayer
LTV
Grumman
Treasury Department
Treasury
Senate
NEDCO
Amtrak
Reagan
Congress
Jeaparady
Syracuse
Chicago
Boston
New York
Toronto
Buffalo
New York City
State Department of Transportation
Alan Boyd
Boston-Washington
Boyd
U.S. Treasury
Tod
Gas pump prices may jump seven cents in 90 days
UPI reports analyst Dan Lundberg expects pump prices to rise seven cents per gallon within 90 days due to reduced OPEC imports and greater reliance on domestic exploration. He cites deferred inflation and growing demand for crude as factors, with current average prices around 134.1 cents per gallon after a recent drop. Dr. Lichtblau forecasts U.S. energy consumption to rise slightly in 1982 as GDP grows.
MENTIONED IN THIS ARTICLE
Los Angeles
UPI
Dan Lundberg
Lundberg
OPEC
U.S
John Lichtblau
Petroleum Industry Research Foundation Inc
United States
Understanding U.S. debt by relative earnings constraints
A reader friendly explainer compares debt load to after tax income with 25 000 and 75 000 dollars. It breaks down who owns the 1 trillion plus debt and why interest costs push living costs higher, noting crowding out and shifts in ownership toward Treasury bills and notes.
MENTIONED IN THIS ARTICLE
Finuer
U.S
CS. Treasury
Treasury
Also Mentioned on This Page
Marsha Taylor
Newhouse
Washington
Paul A. Volcker
Bankers' Bank
The
Ule Jong
Carrier Corp
Peter Gasparini
Applied Unitary Products
John Schedel
Thompson Road
U.s.treasury
By Sylvia Porter
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