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Interest Rate War Reaches Politics And Markets
The interest rate war now faces political lines as easy money advocates clash with tight money forces in the administration and Congress. Banks, savings and loan associations, and fiscal authorities clash over lending, inflation, and the effect on housing and timber industries, with international repercussions as London rate decisions ripple to U S markets.
MENTIONED IN THIS ARTICLE
Sam Dawson
AP Business News
NEW York
Easy Money
Administration
Congress
United States
London
Mutual Savings Banks
Savings and Loan Associations
Savings and Loans Associations
Treasury