Permanent historical factsheet

Treasury-Federal Reserve Accord

United States of America · Economy / Central Banking. Chronological records rendered directly from the World History Database.

1Records
1951Date range
1Named people
1Places

Chronological records

1951

Thomas Bayard McCabe4 March 1951

Washington · Economy / Central Banking

The Treasury and Federal Reserve announce an accord that ends the central bank's obligation to maintain fixed prices for government securities, restoring greater independence to monetary policy after the wartime interest-rate peg.

Names involved

Thomas Bayard McCabe

Provenance

This factsheet is generated from stored World History Database records matching the country, broad category, detailed category and exact Event value shown above. Duplicate display records are collapsed; database wording is otherwise preserved. Source provenance varies by record, so formal academic citation should be checked against the relevant primary source, archive or specialist historical reference.