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Johnson May Seek Gold Backing Break in State of the Union
President Johnson and aides weigh removing the gold cover that backs the dollar as part of a broader balance of payments plan. Officials note political hurdles and the move’s limited effect on dollar flows while discussions cite Federal Reserve and global gold relations.
MENTIONED IN THIS ARTICLE
Washington
Congress
Johnson
State of the Union
NBC
Meet the Press
Belgium
Switzerland
South Africa
France
Federal Reserve
William McChesney Martin Jr
Th Federal Reserve Board
Martin
Walter Heller
Council of Economic Advisers
Heller
U.S
Federal Reserve Board
London
United States
United Kingdom
Netherlands
West Germany
Italy