This is just the beginning! Our collection holds over 300 years of history, including rare newspapers, obituaries, marriage records, birth records, and so much more—most of which you won’t find anywhere else!
Fed Plans Money Supply Increase to Spur Recovery
The Federal Reserve Board under Arthur Burns proposed raising the money supply by up to 21.5 billion dollars in the year ending next March to stimulate growth amid a deep recession. Burns warned inflation risks but said the policy aims to support a strong recovery, with targets for M1 growth between 5 and 7.5 percent and a broader economic plan tied to unemployment projections and fiscal considerations.
MENTIONED IN THIS ARTICLE
Tuy Cary
Federal Reserve Board
Arthur F. Burns
Ford Administration
Burns
Senate Banking Committee
Labor
John T. Dunlop
Dunlop
Ford
Detroit
Chrysler Corp
Belvidere
General Motors
American Motors
William Proxmire
D-Wis
Proxmire
Proximre
Fed
Congress
Great Britain
Aleady