Word: tigious
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...week, in the midst of record prosperity, one of the nation's senior economic policymakers waved the red flag - and thereby showed how both ered and uncertain even the healthiest of bulls can become. With some well-timed but somewhat ill-chosen words, William McChesney Martin Jr., pres tigious chairman of the Federal Reserve System, brought out the mercurial char acter of Wall Street psychology, which finds it hard to accept the idea of indefi nitely continuing good times, even when business is most loudly proclaiming its confidence...