TITLE

Fait Accompli

PUB. DATE
December 1965
SOURCE
Time;12/17/1965, Vol. 86 Issue 25, p30
SOURCE TYPE
Periodical
DOC. TYPE
Article
ABSTRACT
The article discusses the issues concerning the 4-3 decision of the U.S. Federal Reserve Board to increase the discount rate to address inflation. It states that chairman of the Board Martin explained that the decision was aimed to terminate boulders that were culprit in the flow of money. Furthermore, it notes that the if the president accept the accomplishment fact, he kept the goodwill of banking industry.
ACCESSION #
54032481

 

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