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Bank 9s would stimulate trade
American Bankers Association officials move to form a nine to twelve member committee to work with the Export-Import Bank on foreign trade policy. Led by Rudolf S. Hecht and Tom K. Smith, the group weighs a central bank idea while stressing cooperation with the administration for recovery and budget balance. Inflation cautions are raised by American Banker editor Clinton B. Axford, who warns such actions could spur inflation under federal reliance.
MENTIONED IN THIS ARTICLE
Washington
Orl
American Bankers Association
Rudolf S. Hecht
Bankers
George N. Peek
Hecht
Tom K. Smith
Association
American Legion Convention
Clinton B. Axford
The
American Banker
New York
Axford
Ife
United States