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Fed Board Smiles Through Discount Rate Hike Fallout
Federal Reserve Board members face questioning as the discount rate rises one half point to 4.5 percent. The move aims to curb inflation from large deficit spending backed by the Johnson administration and the Democratic party. The piece notes the broader fight between hard money policy and easy money deficits, highlighting effects on savers pensions and fixed incomes.
MENTIONED IN THIS ARTICLE
Federal Reserve Board
Joint Economic Committee
Federal Reserve
Johnson
U.S
Reserve Board
Congressional
Roosevelt