61. The plan holds down wages and prices and slashes the federal budget to help control inflation and recover from devaluation. 62. The slowdown came, and the urgency to act disappeared, although by law the Fed is supposed to be as quick to maintain jobs as to control inflation. 63. The strong currency keeps imports cheap, helping to control inflation. 64. The U.K. is growing more rapidly, but interest rates are rising to control inflation. 65. They have difficulty controlling inflation and defending currencies, thus chasing away foreign capital. 66. They say the Fed ultimately controls only inflation, not growth. 67. To control inflation, the Fed might have to tighten further. 68. U.S. stocks may gain on expectations that the Federal Reserve will control inflation, lessening the chances that interest rates will surge this year. 69. U.S. stocks rose on expectations that the Federal Reserve will control inflation, lessening the chances that interest rates will surge this year. 70. Unless the government acts swiftly to control inflation, their hopes may become reality. |