Inflation War Gains Voices Amid Fed Easing Talk
President cited efforts to curb inflation and lower interest rates while the Treasury plans to explain a move by the Federal Reserve and the market toward easier money conditions. The administration seeks to balance tax cuts with persistent market pressures and asks the Fed and banks for guidance on savings and credit impacts.
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The
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Federal Reserve
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Fed
Patman Interest Rate Curb Defeated by House Vote
Washington debate over Patman measure to cap interest banks pay on time deposits ended in 104-39 House defeat for the plan. Proponents argued it would curb private spending and inflation, while opponents warned of monetary chaos and risky outflows from time deposits.
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Patman
Washington
House
Thej
Batman
Ure
Chicago
Tilford C
Gaines
First National Bank of
Second Radium Capsule Lost in Rail Shipment
New York reports the loss of a 50 milligram radium capsule en route from Seattle to Woodside Queens handled by Radium Chemical Company. Earlier last month a 200 milligram capsule vanished between Fort Worth and Woodside, raising fears of contamination if ruptured. Capsular contents are encased in monel shell and could spread widely if damaged.
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Sec
United States
Washington
Chicago
Seattle
Radium Chemical Co. Inc
Woodside
Queens
Fort Worth
Texas
Radium Chemical Company
Donald R. Chadwick
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