GOP Calls Tight Money to Curb Inflation
AP by FRANK O BRIEN examines the debate over interest rates as the Fed tightens or loosens money supply. It explains how the Federal Reserve controls the money in circulation, the impact on rates, and the competing views of government and business on inflation and economic stability. It notes the stakes for jobs, families, and growth in a high-rate environment.
MENTIONED IN THIS ARTICLE
Washington
Germany
Federal Reserve System
Federal Reserve
Congress
Iit
Fed
William McChesney Martin, Jr
Supreme Court of the Economy
Treasury
W. Randolph Burgess
Treasury Reserve
Burgess
Chicago Great Western Railway
Southern California Edison
Panmunjom forecast keeps defense and economy steady
The piece argues that Panmunjom signaling no change will keep defense spending high, supporting the economy. It notes fiscal 1954 budgets near 37 billion, with 80 percent tied to defense and aid, and Treasury aims to balance later, while inflation risk remains.
MENTIONED IN THIS ARTICLE
State Department
Wall Street
Panmunjom
Secretary of the Treasury
George M. Humphrey
Congress
Eisenhower
Humphrey
Truman
The Fed and the Par Value Policy in War Finance
The doorway to the arena of money policy rests on how the Fed controls the reserve banks. By buying or selling government securities, the Fed can expand or contract the money supply. During the war, the government borrowed billions by issuing short term securities, mainly bought by banks to avoid long term locking. The Fed kept issues at par, acting as a par value buyer to support prices, which increased bank reserves and lending capacity, fueling rapid economic expansion.
MENTIONED IN THIS ARTICLE
Fed
Federal Reserve
Reserve
World War III only prevented by research and religion
Babson argues that arms races fail to prevent wars and that true peace rests on research and faith. He credits scientists, educators, and humble workers for advances while urging support for prayer and humility over politicized armament. He warns against overemphasis on degrees and calls for renewed belief in God and constructive ideas.
MENTIONED IN THIS ARTICLE
Babson Park
Mass
Jesus
Alexander the Great
Cyrus
Caesar
Genghis Khan
Mohammed
Ivan the Terrible
Cromwell
Napoleon Bismarck
Hitler
Caxton
Eli Whitney
James Watt
Isaac Merritt Singer
United States
Thomas Edison
Henry Ford
John D. Rockefeller
America
Pasteur
Stocks In Review Market Holds Cautious Defense Stance
The market showed a cautious defense posture while advancing for the third straight week. The Associated Press average rose to 110.20, with dividends at high levels and cash payouts exceeding 2.5 billion dollars in the first four months. Steel output hit a record high as mills raised charges for extra finishing services.
MENTIONED IN THIS ARTICLE
Associated Press
Department of Commerce
Champion Paper Production Chief Gets Assistant
Thomas N. Carter was named technical assistant to Champion Paper and Fibre Company's production director Leo Geiser. Carter, formerly with Bagley and Sewell in Watertown New York and chief engineer at Cameron Machine in Brooklyn, will focus on paper finishing equipment operations. He joins Hamilton residents with Mrs. Carter in relocating immediately.
MENTIONED IN THIS ARTICLE
Thomas N. Carter
Champion Paper and Fibre Company
Leo Geiser
Champion
Reuben B. Robertson, Jr
Carter
Hamilton
Bagley and Sewell Company
Watertown
N. Y
Cameron Machine Company
Brooklyn
Waters Town
American Institute of Electrical Engineers
Also Mentioned on This Page
Ue Ad
Gop
By Frank O'Brien
Senate
House
The
Fred
Stein
Fifteenth Ave
a@ Smith-Corona
N. Main ST
Office Outfitters, Inc
Business Outlook
By J. A. Livington
Austria
U. S
Defense
Charles E. Wilson
Cotch
Charma
Hab Pacis
Middletown Paint & Glass CO
Central Ave
Dial
Babson
U. S. Justice Department
Franklin D. Roosevelt
Rockefeller Foundation
New Ford Foundation
Yale University
Eter
Dayton Power & Light
Stocks In Review
New York
Wen
ITO Even
Weather-Seal
Champion Paper
Rilomineton
Minots
Yankee RD
Sea Dreams
Building Loan and Savings Ass
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