Regional President Speech

CENTRAL ftMncTHr. ht.tas University of Pennsylvania March 10, 1958 March 17, 1958 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis Central Banking Class, University of Pennsylvania, 3A0/58. SOME RELEVANT ECONOMIC MAGNITUDES Index Billions $ GOLD STOCK ,__LLLl LI 11 11Li.l 11 11 Ü ILI 1 III 11 1 II 1IL 1 1 11 1 1 II 1 1.1 11X1 1 LIU il L LLLl 1. 111 i-Llli 1952 1953 195^ 1955 1956 1957 1958 Per cent * Revised series Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis Central Banking Class, University of Pennsylvania, 3A0/58. ALTERNATIVE OBJECTIVES AMD RELATED PROGRAMS Conditions requiring Conditions requiring Objective or permitting an or permitting a Inherent Bias easing of credit tightening of credit 1. Stable price Declining prices Rising prices level 2. Full employment Less than full Jobs in excess of Expansive employment workers 3. Convertibility High and/or rising Low and/or declining Contractive primary reserves primary reserves 1*. Productive Increase in monetary Decrease in monetary Chain- credit volume of output volume of output reaction 5• A fixed rate When savings are When savings are Chain- of interest inadequate excessive reaction Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

Karl R. Bopp (1958, March 9). Regional President Speech. Speeches, Federal Reserve. https://whenthefedspeaks.com/doc/regional_speeche_19580310_karl_r_bopp

@misc{wtfs_regional_speeche_19580310_karl_r_bopp,
  author = {Karl R. Bopp},
  title = {Regional President Speech},
  year = {1958},
  month = {Mar},
  howpublished = {Speeches, Federal Reserve},
  url = {https://whenthefedspeaks.com/doc/regional_speeche_19580310_karl_r_bopp},
  note = {Retrieved via When the Fed Speaks corpus}
}