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Nation Faces Serious Economic Crisis in 1959
Lawrence argues the United States faces a deep financial crisis with rising short term rates, high mortgage costs, and inflation risks. He cites rising interest on government notes, tax exempt bonds, and a steel strike impacting wages, prices, and investment, urging policy action to stabilize the dollar.
MENTIONED IN THIS ARTICLE
David Lawrence
Washington
of California
U. S
Eisenhower
Congress
Democratic Party
Federal Reserve Banks
Federal Reserve Board
America