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Excessive Budgeting Denied By Federal Reserve Board
Washington AP report says the Federal Reserve Board rejected Burns and others who claimed the Fed spends carelessly or excessively. Subcommittees argued spending growth is rising with the central bank’s expanding duties in banking currency and housing, while the Fed notes a 172 percent increase in the period and defends costs like profits from securities and small office expenses.
MENTIONED IN THIS ARTICLE
Washington
Cils
Cireu Federal Reserve Board
Fed
Treasury
Central Bank
Sted
Howse
Federal Reserve System
Henry
Reuss
Wisconsin
Wright
Congress
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Texas
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Arthur FP
Burns