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Government Sees Bigger and Better 1966
Federal Reserve Chair William McChesney Martin Jr defends the rate hike as needed for a moderate upswing while government officials and corporate leaders forecast a stronger 1966. They argue tighter money isn’t required to slow expansion and cite rosy projections for construction, equipment, retail sales, and wages. Congressional investigators explore whether higher rates will slow or sustain growth.
MENTIONED IN THIS ARTICLE
Mittee
Federal Reserve Board
Federal Reserve
William McChesney Martin Jr
Aibtabies
Ness
Labor Department