Lindsey, David E.; Orphanides, Athanasios; Rasche, Robert H. - Center for Financial Studies - 2005
:
Many money market analysts have been expecting the FOMC to seek to
tighten credit again in an effort to slow down sharp … difficulty
in making further moves to restrict the growth of money and credit...
“The Reserve Board vote,” one municipal bond … pause in credit tightening
while others contend that further moves are necessary to battle inflation.
(WSJ, 1979e, p. 5 …