Word: delphic
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Dates: during 1970-1970
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...money supply. In his speech to the National Association of Manufacturers three weeks ago, the President said that Burns had given him a "commitment" that the Federal Reserve Board would "provide fully for the increasing monetary needs of an expanding economy." The following week. Burns, in a typically Delphic passage in a speech, left policywatchers guessing as to whether any such deal had been struck. Most common guess: no. Besides, Burns is only primus inter pares on the Reserve's twelve-man Open Market Committee, which regulates the money flow. A number of anti-inflation hawks on the committee...