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Truman seeks to keep U.S. bonds at par in policy clash
President Truman defended keeping government bonds at 100 cents on the dollar while clashing with the Federal Reserve Board and endorsing Treasury Secretary Snyder's stance. He recalled WWI experiences with bonds dropping below par and urged protection for small savers holding marketable bonds, signaling ongoing policy tensions over financing and interest guidance.
MENTIONED IN THIS ARTICLE
Washington
Truman
France
Congress
Liberty and Victory
Secretary of the Treasury
John
Snyder
Reserve Board-treasury
Rep
Patman
Treasury