To Our Readers: Oct. 24, 1994

Back in 1969, when time first gathered a cross section of leading economic thinkers to debate U.S. economic conditions, they all agreed on one point: the Federal Reserve Board was raising interest rates so aggressively that it might just kill the economic recovery. Twenty-five years have passed; global economic conditions have gone through dramatic transformations; American companies have had to reinvent their marketing strategies. Yet last week, when TIME's Board of Economists sat down with our editors to present their forecasts for the coming months, one issue was uppermost in their minds: the Federal Reserve Board, they said, may kill the...

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