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Truman Warns Higher Rates Could Spur Deflation
Former President Harry S. Truman denounces rising interest rates as a burden on all governments and consumers, warning they risk deflation and hurt the public while benefiting a few. He urges action before further damage, noting Fed policy and the impact on inflation and the economy.
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Harry S. Truman
Independence
Truman
Congress
Federal Reserve Board
William McChesney
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