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Federal Reserve Chief Defends Interest Rate Move
Federal Reserve Chairman McChesney Martin tells the Senate Economic Committee that the recent 0.5 percent discount rate rise is needed to curb inflation while supporting growth. He notes benefits to deposits and warns delay could require stronger action, as price pressures grow in recent months.
MENTIONED IN THIS ARTICLE
Nam “McChesney
Martin Cltairman
Federal’ Reserve Board
Bliid
U.S
Martin
Senate
House Economic Committee
Johnson
eThega
Federal Reserve
Sonatin
Abpeeveet
Tourilree
Periticians
Wright Patman
Tong
Marcin
Bath