Conflicting official views on monetary policy: April 1956: hearing ... Eighty-fourth Congress, second session, pursuant to sec. 5a of Public law 304, 79th Congress. June 12, 1956
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administration agree answer April bankers Bill Martin billion Board of Governors borrow central bank Chairman Martin class B directors confer Congress continue course currency debt decision deflationary pressures discount rate discussions DISTRICT Economic Advisers Economic Report Economic Stabilization employment Federal Reserve Act Federal Reserve banks Federal Reserve Board Federal Reserve System feel glad going hearings increase in interest independent inflation inflationary installment buying interest rates inventory Joint Committee judgment keep loans meeting member banks ment monetary policy National Bank officials Open Market Committee Open market operations percent period politics President Eisenhower questions reason recent record representatives reserve requirements responsibility savings Secretary Humphrey securities Senator statement Subcommittee on Economic talking things tight money tion Treasury trend vice president views Washington week William McC Wright Patman York