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Burns urges six month delay on gold ownership ban
Fed Chairman Arthur Burns told the House subcommittee that extending the gold ownership ban for at least six months would shield the economy from inflation fears and possible gold market shocks. He warned a reopening could draw funds from savings and stocks, delaying mortgage credit and housing recovery.
MENTIONED IN THIS ARTICLE
Washington
Federal Reserve Board
Arthur Burns
Congress
U.S
United States
Burns
Treasury
William Simon
Simon
Henry B. Gonzalez
D-Tex
Gonzalez