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Long Summer Seen Ahead For Economy
The piece outlines a tense 1960s style forecast with the House Banking Committee in Washington weighing anti inflation measures. It notes Secretary Kennedy and Federal Reserve head McChesney Martin warning of tighter money and possible forced savings as a policy tool, while bankers complain of limited lending funds. It cites Paul McCracken and Pierre Rinfret commenting on the risk and constitutional questions surrounding saving mandates.
MENTIONED IN THIS ARTICLE
New York
Washington
House Banking Committee
P. Wright Patman
David M
Kennedy
Federal Reserve
Copenhagen
Denmark
Paul McCracken
McCracken
William McChesney Martin
Federal Reserve Board
America
Martin
Pierre Rinfret
William Freund
New York Stock Exchange
Freund
Lord Keynes