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Aiken Standard in Aiken, South Carolina

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Newspaper

Aiken Standard

Location

Aiken, South Carolina, United States of America

Date

Mar 19, 1986

Page

3

Volcker faces challenge to seven year policy grip

Washington AP notes Fed Chair Paul Volcker may be losing clout as four Reagan appointees join a 4-3 vote to cut the discount rate from 7.5 to 7 percent. Officials say he delayed action to coordinate with other nations. a split vote marks his first policy overrule in seven years, prompting speculation about his term.

Washington Federal Reserve Board Paul Volcker U.S Reagan Volcker Martha Seeger Fed West Germany Japan Joseph Coyne Wall Street Coyne Wiliam Miller Formarkets Lawrence Chimerine Deat Chase ‘Econometrics Bala Cynwyd

Less Visible U S Currency Redesign Draws Criticism

Washington AP reports the Treasury unveils a subtle currency redesign to deter counterfeiting, adding a plastic security thread and microprinting that require magnification to read. Critics in Congress say the changes are too faint and demand magnifying glasses for the public.

Washington Congress Treasury James Baker Bureau of Engraving and Printing U.S Frank Annunzio House Banking America

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