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Money Managers Seek To Keep Money At Home
New York money managers urge tightening of credit to retain funds domestically. They propose higher short term rates while keeping long term borrowing easy to reduce the U.S. balance of payments deficit and curb outflows. Treasury and Fed officials discuss raising the discount rate to make short term borrowing pricier.
MENTIONED IN THIS ARTICLE
Sam Dawson
New York
U.S. Treasury
Federal Reserve
Washington
Treasury
Douglas Dillon
Federal Reserve Bank of New York
United States