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.
United States of America · Economy / Central Banking. Chronological records rendered directly from the World History Database.
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.
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by record, so formal academic citation should be checked against the relevant primary source, archive or specialist historical reference.