Diversity is critical to the Federal Reserve, and we are firmly committed to fostering a diverse and inclusive culture throughout the Federal Reserve System. Collections within FRASER contain historical language, content, and descriptions that reflect the time period within which they were created and the views of their creators. Certain collections contain objectionable content—for example, discriminatory or biased language used to refer to racial, ethnic, and cultural groups. These viewpoints and attitudes are inconsistent with our values, but the original descriptions are retained to ensure that they are not erased from the historical record.
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Kennedy, David Matthew, 1905-1996 and Piser, Leroy M. Inflation, Bank Credit, and the Government Debt, Box 70, Folder 10, Item 9, Marriner S. Eccles Papers. https://fraser.stlouisfed.org/archival/1343/item/465572, accessed on April 23, 2024.
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Confidential memo regarding efforts to finance government spending generated during World War II and to manage inflation; topics covered include war financing policies, expansion of bank credit, decline in long-term yields, and the FOMC's Four-Point Plan.
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