Federal Reserve Keeps Inflation Watch Amid Mixed Signals
Federal Reserve officials see inflation pressures persisting as factory payrolls hold high wages and production costs rise. Despite softer materials prices, demand for loans to expand inventories and production remains elevated, while new government spending and credit conditions influence the outlook.
MENTIONED IN THIS ARTICLE
Sam Dawson
New York
Federal Reserve Board
Chatman Wiliam McChesnes Runnor
Commerce and Laver
Senator Fears Foreign Aid Cuts Threaten Defense Programs
Senator Saltonstall warned Congress may trim the 4.4 billion dollar foreign aid program for military and economic aid. He cautioned against deep cuts beyond about 10 percent, noting past reductions and urging careful balancing of security gains from aid. House hearings on policy begin next week as President Eisenhower seeks savings by pruning programs.
MENTIONED IN THIS ARTICLE
Jack Bell
Washington
Saltonstall
R-M
Congress
Eisenh Hower
Sen
Knowland
R-Calif
Saltcnstall
Green
Senate Foreign Relations Committee
Isenhower
Princess Helen of Greece Dies at Age 7
Princess Helen of Greece died in Athens from a heart ailment. She was the mother of Britain's Duchess of Kent and sister to Princess Olga of Yugoslavia. Born daughter of Grand Duke Vladimir of Russia, she married Prince Nicholas in 1902, who died in 1938.
MENTIONED IN THIS ARTICLE
Athens
Helen
Greevee
Britain
Duchess of Kent
Olga
Yugoslavia
Heles
Vladimir
Russia
Nicholas
George I
Greece
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