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Bankers doubt rapid drop in interest rates say 6% unlikely
AP Business Writer notes bankers nationwide doubt a sharp rate decline soon despite Maurice Stans predicting a drop. Prime rate at 9 percent faces inflation pressures, with bankers from First National City Bank and others wary of cutting.
MENTIONED IN THIS ARTICLE
Harry Steinberg
NEW York (Ap
Maurice Stans
Stans
George Scott
First National City Bank
New York
First National Bank
Cincinnati
Richard Wilde
American National Bank of
Salt Lake City
Washington
House Banking Committee
Wright Patman
D-Tex
David Rockefeller
Chase Manhattan Bank of New York
Patman
Stan
Williams Zentz
Bank of the Commonwealth of Detroit
Arkansas
Wisconsin
Maine
Robert Whitman
Edmonds
Wash
Scott Hutchinson
Canal National Bank of
Portland
Federal Reserve System