Regional President Speech

io/hIw j a w a s t hate prospects I* Introductory > X* Reasonable request - An/ <Uftm & 2. More important to investor, who commits his funds, than to central banker, who doesn't commit himself 3* Many willing to predict A. C. L. Benner, V.P., Continental American Life - Wilmington, Del. B* Ivan fright - Brooklyn College "It would be no surprise to see interest rates within J to 5 years after the war back to the level of the early 20 *s when long-term Government bonds yielded from 4to 5 per cent-* II* Judgment based on analysis of factors considered !• Basic factors in free enterprise systet A* Demand for and supply of funds - saving and investment a. Formerly supply exceeded demand $Ln depression Rational easy-money policy Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis b. Demand exceeded supply in prosperity Hew factors large national income equals large savings ^ t* * A*.fc 2* Control of capital uarket? 3* Technical factors A* Member bank reserves Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

Karl R. Bopp (1944, October 18). Regional President Speech. Speeches, Federal Reserve. https://whenthefedspeaks.com/doc/regional_speeche_19441019_karl_r_bopp

@misc{wtfs_regional_speeche_19441019_karl_r_bopp,
  author = {Karl R. Bopp},
  title = {Regional President Speech},
  year = {1944},
  month = {Oct},
  howpublished = {Speeches, Federal Reserve},
  url = {https://whenthefedspeaks.com/doc/regional_speeche_19441019_karl_r_bopp},
  note = {Retrieved via When the Fed Speaks corpus}
}