Abstract

The Federal Reserve Fight
Friedman, Elisha M. | October 12, 1927 issue

add to cart   close window

The article focuses on the Federal Reserve Bank fight over the lowering of discount rates. The directors of the Chicago, Illinois Federal Reserve Bank at their weekly meeting considered credit conditions and advised the Federal Reserve Board that in its opinion the Chicago rediscount rate of 4 per cent should stand. The Federal Reserve Bank, according to the Federal Reserve Act, was empowered to establish, subject to the review and determination of the Federal Reserve Board, rates of discount to be charged by the Federal Reserve Bank for each class of paper, which shall be fixed with a view to accommodating commerce and business. It is charged that the reduced rate will stimulate speculation.

See Also:

FEDERAL Reserve banks; DISCOUNT; CREDIT; SPECULATION; CHICAGO (Ill.); ILLINOIS; UNITED States
ARCHIVE HOME
Pricing
Articles are sold in 'packs,' which are priced as follows:

1 for 2.95
4 for 9.95
10 for 19.95
50 for 34.95
300 for 149.95
Refund Policy
Sales of archive individual articles, full issues or article packs are final and no refunds will be issued.
Access for libraries
help
Search
Browse
Sample Article

In Your Cart

Your cart is empty.

My Articles

You must be logged in to view your articles.

User name

Password

I don't have a login.

I forgot my user name/password.
Advertisement
Advertisement

Blogs

» The Notion

The Femivore's Real Dilemma | Raising chickens isn't the key to feminist liberation. But women's security just might be key to ending hunger.
Laura Flanders
10 Comments
Posted at 10:00 ET

» The Beat

Kucinich: 'Yes,' Then a Fight for Health Care as a Right | "If my vote is to be counted, let it now count for passage of the bill, hopefully in the direction of comprehensive health care reform."
John Nichols
235 Comments

» The Dreyfuss Report

Pentagon vs. Israel? | Israeli hardliners are making enemies in places where they can hardly afford to do so.
Robert Dreyfuss
150 Comments

» Act Now!

One Voice for Choice | Implore your pro-choice reps to fight!
Peter Rothberg
144 Comments