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Federal Reserve credit controls stir debate among business leaders
The piece notes opposition from home builders and lenders to broad credit curbs while acknowledging a 1955 consumer credit surge. It cites Eisenhower’s cautious stance on immediate controls and cites rising private debt as a risk, with about 12 percent of income going to debt repayments limiting spending.
MENTIONED IN THIS ARTICLE
Coane
WenvEshir
Federal Reserve
Federal Reserve Bank
Eisenhower