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Truman, the Fed, and the 1951 Accord. Professor John Cochrane explores the 1951 Treasury-Fed Accord during the Korean War. Fearing another World War II-style crisis, President Harry Truman pressured Fed Chairman Thomas McCabe to keep interest rates low. I
Season 8
Episode 484
Published 2 weeks ago
Description
Truman, the Fed, and the 1951 Accord. Professor John Cochrane explores the 1951 Treasury-Fed Accord during the Korean War. Fearing another World War II-style crisis, President Harry Truman pressured Fed Chairman Thomas McCabe to keep interest rates low. Instead, the Fed fought for its independence to combat inflation, establishing modern monetary policy precedents. #3
1918 AMERICANS IN LONDON