Time Clock, Jul. 27, 1953

TOP Government economists were called to a White House meeting last week to report on the business outlook. Their conclusion: a good chance of a strong fall pickup, and no general business letdown this year or in the early months of '54.

SECRETARY of the Treasury George Humphrey, worried about criticism of his tight-money policy, will soon make a major speech defending it. He will argue that higher interest rates benefit the many rather than the few because there are more moneylenders than borrowers in the U.S. Among the moneylenders Humphrey includes anyone who...

Want the full story?

Subscribe Now


Learn more about the benefits of being a TIME subscriber

If you are already a subscriber sign up — registration is free!