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Problems of Interpreting Recent Monetary Developments - Review

Some analysts interpret recent monetary actions to have been quite expansionary, indicating an ebullient economy with an intensification of inflationary forces. On the other hand, others have indicated concern over what they deem undue monetary restraint with a likelihood of a recession late this year or early in 1974.

research.stlouisfed.org/.../1973/07/01/problems-of-interpreting-recent-monetary-developments

The Role of Monetary Policy in Dealing With Inflation and High Interest Rates - Review

Statement of Darryl R. Francis, President, Federal Reserve Bank of St. Louis, before the Committee on Banking and Currency, House of Representatives, July 18, 1974.

research.stlouisfed.org/.../

Social Priorities and the Market Allocation of Credit - Review

In recent years there has been much discussion concerning financial responsibility for the allocation of resources for social goals. Some contend that there is a widening gap between the performance of our financial institutions and the desires of society. They assert that society is concerned primarily with the relative shares of total expenditure in individual sectors of the economy, and that this is inconsistent with the concern of national monetary policymakers for aggregate activity and the profit motive governing the private financial community.

research.stlouisfed.org/.../1971/05/01/social-priorities-and-the-market-allocation-of-credit