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New easing of credit hinted by Fed official
Alfred Hayes of the Federal Reserve Bank of New York told the House Small Business Committee that the government may take new steps to ease credit as the economy shows resilience but faces some risk of a downturn. He noted the discount rate cut aimed to spur activity and discussed possible further actions with the open market committee. Funeral services were held Thursday for Capt. Earla A. Tralle, skipper of the luxury yacht Kuru, who died Monday. he leaves a wife and son.
MENTIONED IN THIS ARTICLE
Washington
S.1
Alfred Hayes
Federal Reserve Bank of New York
Hayes
House
Small Business Committee
Man
D.tex
Federal Reserve Board
Merelat Bank
Federal Reserve System
Malcolm Bryan
Atlanta
Hugh Leach
Richmond
Delis C. Jones
St. Louis
Earla A. Tralle
St. Joseph Ave
Disday Chapel
Fletcher Oil
Treasury
Robert B
Berkeley
Anderson
Wil
Long Fu
Aliam McChesney Martin Jr
Beach
Sally
William