CURRENCY
INFLATION DROPPED AMERICA’S ATTITUDE. Press Association Electric Telegraph—Copyright WASHINGTON, Sunday. President Roosevelt and Government financial leaders mapped out a programme for credit expansion'to-night in conference at the White House that centred on the release of funds in closed banks. It was emphasised both by the President and his conferees that no new moves other than that of reinforcing the country’s credit structure were in contemplation. This is accepted generally as definitely eliminating at this time any inflation of the United States currency. It means that the Government is going to use every power to put into circulation money now lying idle in the banks’ tills and funds locked up in closed banks. President Roosevelt is primarily interested in co-ordinating all Government and financial agencies to assure full support for agriculture and business in the price-lifting and recovery programme.
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Bibliographic details
Wairarapa Daily Times, 26 September 1933, Page 5
Word Count
139CURRENCY Wairarapa Daily Times, 26 September 1933, Page 5
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