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The Treasury-Fed Accord: A New Narrative Account
Until March 1951, the Treasury compelled the Federal Reserve System to continue the pegging of government security prices that had begun in World War II. To break free from that obligation, the Fed… Expand
After the Accord: Reminiscences on the Birth of the Modern Fed
William McChesney Martin became Chairman of the Board of Governors of the Federal Reserve System at the time of the March 1951 Treasury-Fed Accord and, in effect, created the modern Federal Reserve… Expand