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Show Page - THE HERALD. Provo. Utah. 20 26, 1S84 Thursday, July Bu siness Volclcer Warns of - WASHINGTON He told the Senate Banking Committee that the Federal Reserve assumes the economy will continue to improve through next year and expects the unemployment rate, now at 7.1 percent, to decline further. Volcker also said that the Fed, in reviewing its monetary policy last week, decided to leave 1984 s monetary growth ranges alone. (UPI) Reserve Board Chairman Fed-t-r- al Paul Volcker warned Congress Wednesday that the nation risks a "relapse into inflationary eco- nomic malaise" unless government borrowing is reduced. Volcker said, however, that Congress can avert a return to inflation by reducing the federal deficit. 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Don Biggs Kaypro books Disk bidders 128 K Expansion off $395 II $33.50 27.75 - Nashua 34.50 28.50 25.50 :M Dulalile Verex 58 7 ie" this is asp1 niw ..hen wi'c" . . i " .... for us. itprT1 .hoce any .Ul ?uyuu r .,mr cave Since ...nflk Ul"7' ..nrl nne , enr rinp" jewc j r a having J -VU" innc anu rYlfllC, from uu ThlS xlens,vese y.t.,Ho; o lin- V1IU 9, only .u.mmh throuy" "' trhes. ea'""3 rcitv Mai or, Penny Stocks, OTC Stocks or New Isuks, at our un' U or Write. 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PICK UP RULES AT NEW LIFE ATHLETIC Disks box of 10 prs to Mr- 20 off 20 off $99.95 Printer stand l Fine :casion $6.95 4.45 129.95 Paper pack Panasonic m jeweli y - 21.95 20 off 30 off Ribbons 1.5 local .ar.auainted sale. 12 31 30 88 Manager- gLE Accessories Klip "V file mark has als - off 48 16 20 SIDEWALK .A 50 Kavpio (various) . m 14 52 13 8 nrpm as1 6.65 17.17 16.47 "store friends his at ll4fin visit him then. of f our lection the anv one atcheS service5 many 14 21 9 2S u the hppn a V' V.-V- - 19 72 IM ,.ton to 34 Monitors Software 373-577- 35 are- USWest 5.40 61 up 2 8 UtTchsl.40 33 2 upl-UtdTele 184 18 up 8 Unocal 1 36 up up Upjohn 2.56 48 Walgren .72 35 l)eks ttx ion i.if- .21 Furniture Printers dUASE 4 2 lt iHU ' hi5 ow" le for P 44 r. 29' anu iSloieQ-"- ' 151 13 00 1U98 " .oriRpce 5 1 up off 3 8125 y many For current 36 up Uniroyal .12 12 off 8 Utd Brands 13 up 8 US Gyp 2.60 48 2 off 14 U S Steel 1 22 4 8 3J4 ap Cniustocii (,cn I'ace Kund ni (.en Venture Itiinii.ilT Invesl M.iss Kmi'ismn (ir Muss Inir Hond I as Univ 1 f FUNDS Ai '.' 8 UnPacl.80 8 Kirsl Nat Stales Kcs 4 2 v D'i MUTUAL Am v- 'luni-c- l up 27 24'4 241. &875 lliKli Yield 28d 21 up TRW 2 80 63 up 8 1 4 UAL 32 8 off UnCarb 3.40 48 4 off Un Elec 1.72 12 34 up 8 4 2 37 1 oil oil 8 23'i InliMtcill I'nid Kcd. 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T. I'fcl. i H IV 44i i.ih o C 21 la'i ev s Slii'l ( 10 3J4 S1! i 40;. rli'si W.m hkim i we F'trTrnfi Till fine 39 2b' i n m 37Ji '' 27 04 025 Si4. 27' 3S'. lUS'i MrlKifulds 10 I 87 rwl 73 65'. 22 Min - 2u'n 71 HiTi'uli'S Inc H.,l Inns Inll Itui. Ufh Vldrriwll 75 i nil i 2S '. 20- -, ( 05 1 S I 33'i 18', 33', AMl4 37 s I) 25 31 ford Oil Ofwtic Lvnamirs K Clow Opt Altvrlsuns Am hxp Ameru an Stores AT&T Min belli 4 25 ( I I STOtl EXCHANGE 25 12 l' 13 4 12 025 015 o United States has had so far this year. 17' I (13 IW 06 oronado Kmerv fcnergv Del 52U VOU 'ME industrials. Hi M 4 Transportation I lililivs 123 W 1 125 frown J w 17b 25 75 Argus Aurora Big 1'inev billings Knergv ( rested Butte 15 3u 3 25 6 04 AM SI 37 175 STREET SEdRITtES, INC. Amer ( ons Arrver Teob 62 12 lei MAIN 3 5U 3 37 I 37 mn Tel Inc i full ml to ( inwa 1'innt Cons MininK ln,ilim ( uns Mining Kv .iiitiur Sukl l nam Mining American Oil 4 Minerals Julheim 1'elrulrtim Lijisiana Parilic Hes i Atinniilh 2i til voming tons Vega Bio lied 13 r Tunnel 'k I un EXCHANGE VTAIN ST(X economy cannot grow its way out robust economy such as the JONES AVERAGES DOW INTOMOl The Fed chief urged Congress to do more to shrink the deficits. It is, in the end, the choice between building on the enormous Volckers warning that the S II pi ogress ot the past to achieve sustained growth in a framework of greater stability, or a relapse into inflationary economic malaise," he said. Volcker has issued dour warnings recently that deficit spending is appropriate only for an economy deep in recession, not a of deficits contradicted President Reagan, who said at his news conference Tuesday night he thinks the deficit will shrink as the economy improves and more revenues pour into the federal Treasury. so far in 1984." Volcker said, the economy still is marred by the prospect cf "unacceptably large" federal deficits beyond 1985. "The hard fact is ... the deficit remains huge in absolute and relative terms and, absent further action, little or no further decline now seems probable for 1985 and bevond," he said. Market Quotes lull nomic Malaise' inflationary The Fed has power to increase the money supply if it thinks credit is too tight. "Certainly, there is no evidence, in the midst of rapid economic expansion, high rates of growth in debt ... that the economy has been starved for money and credit," he said. Although there has been an "unbroken string of favorable news t if What is happening on stock markets and the business world w 11 1 W W |