Though the world's wealthiest nation sells $4 billion a year more abroad than it buys, it still has to fret over its international finances. Now that the U.S. Government has taken three crucial steps to keep its limited supply of gold from flowing steadily abroad, the new concern is: How will these restrictions affect a delicately poised U.S. economy?
Congressional hearings last week revealed considerable opposition to the Federal Reserve Board's discount-rate hike on the part of Congressmen who fear that it may restrain domestic economic expansion; the Board itself is known to have split over the move. While supporting...
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