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Nixon Burns Clash Over Monetary Policy Deepens
A growing rift between President Nixon and Fed Chairman William McChesney Burns centers on money policy and inflation. Burns warns inflation is dangerous while Nixon aims for expansion, prompting discussion of restructuring the Fed. officials say no formal plan is likely.
MENTIONED IN THIS ARTICLE
Bill Neikirk
Washington
Nixon
Thur F. Burns
Federal Reserve Board
Burns
Federal Reserve
White House
Afer Serong