easing

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easing

1. Removal of material to enable a piece to be fitted into an allotted space.
2.See basement, 2.
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The Federal Reserve's easing moves over the first part of the year not only were taken in light of the contraction of economic activity and the progress in reducing inflationary pressures, but also were prompted by the continued slow growth of the monetary aggregates early in the year and continuing credit restraint by banks and other intermediaries.
Monetary policy report to the Congress

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