A Gentle Push

August 1960
Time;8/22/1960, Vol. 76 Issue 8, p62
The article focuses on the approaches of the U.S. Federal Reserve Board to ease credit and encourage business expansion in 1960. For the second time within three months, the Federal Reserve discount rate was reduced to three percent. The reserve requirement of central reserve city banks will be reduced to 17% on September 1, 1960. The changes in reserve and the reduction in the discount rate were both expected to bolster the whole U.S. economy.


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