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Fed Intervenes in Foreboding Currency Markets
The Federal Reserve began foreign exchange intervention on Wednesday with Treasury approval to steady dollar demand amid post Smithsonian rate adjustments and British pound volatility. The move signals policy split between the Fed and Treasury while underscoring US willingness to counter speculative pressures and support the Smullisonian agreement.
MENTIONED IN THIS ARTICLE
Nixon
Treasury
George P. Shultz
Central Bank
Imple
Arthur J. Burns
Sail Burns
Federal Reserve
Burns
al the Smithsonian
United States
Paul A. Walcker