Fed raises rates to check speculation

Citations (1)

• Lords of Finance whole source · open book

  Recognizing that the easing of credit policy in the middle of 1927 had been a mistake, it raised rates from 3.5 percent in February 1928 to 5 percent in July 1928.

  chapter: 16. INTO THE VORTEX - 1928-29

  edit

  remove

Linked events (0)

Details