New Treasury Chiefs Signal Continued Credit Restraint
Sylvia Porter reports that the incoming treasury leaders Robert B. Anderson and Robert H. Craft are expected to maintain the hard money policy. The piece notes Anderson’s conservative stance and Craft’s long banking career, implying debt management decisions will stick to restraint.
MENTIONED IN THIS ARTICLE
Craft
New Yorker
New York
The
Guaranty Trust
Chase
Investment Bankers Association of America
Independent Fed Advocate Sees Policy Shifts Ahead
The article profiles a strong believer in an independent Federal Reserve and a realist market approach. It contrasts his debt management views with Burgess and notes potential shifts if cabinet changes occur, suggesting loans against mortgage collateral could outpace idle bank funds. Also mentions Jim Lowe of Green Door will guest on Paul Winchell's Circus Time at 7:00 Thursday on Channel 9.
MENTIONED IN THIS ARTICLE
U.S
Federal Reserve
Burgess
Anderson
Craft
Humphrey
Beck
Toorrow
Jim Lowe
Paul Winchell
Channel 9
Beck Responds to Bond Sale Criticism in Seattle News
In Seattle, Teamsters leader Dave Beck denounced Chicago reports claiming the union must sell $1 million in bonds at a 10 percent loss due to alleged fund manipulation. Beck branded critics as ignorant or driven by ulterior motives. He held a news conference to rebut the allegations.
MENTIONED IN THIS ARTICLE
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Teamsters
Dave Beck
Beck
Chicago
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By Jimmy Hatioc
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John Ruskin
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