Word: boards
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Dates: during 1980-1980
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...arrival of summer and the acceleration of Carter's re-election campaign, credit controls were loosened and money became less restricted. The prime rate fell to a low of 11% in July. Yet, after November's presidential election and a new burst of inflation, the Federal Reserve Board once again tightened money, and interest rates began another steep rise, quickly passing the spring's historic interest rate records...
Even one of the Federal Reserve Board's own governors spoke out last week in public against its policies...
...members last week joined TIME'S Board of Economists. They are Martin S. Feldstein, 41, and Lester...
...goal of the plan, which will reduce Chrysler's overhead by nearly $700 million and increase its assets by $1 billion, is to convince the Government's Loan Guarantee Board that the company is worth the risk of extending another $400 million in loans. The firm has already received $800 million in Government-backed loans...
...going once more to the well at this time was that he was uncertain about the possibility of getting additional assistance after Jan. 20, when the Reagan Administration takes power in Washington. Reagan opposed the original Chrysler bailout package, and after Inauguration Day his aides will sit on the board that will determine federal aid. G. William Miller, the outgoing Treasury Secretary, last week held meetings of the Loan Guarantee Board and said he thinks it is "in the national interest" to keep Chrysler alive. The board was expected to consider the company's aid request officially this week...