Board of Governors of the Federal Reserve System (U.S.), 1935- and Szymczak, M. S., 1894-1978 "Formulation of Monetary Policy." Speech Delivered before the New York Society of Security Analysts, Hotel Statler, New York, New York, November 8, 1951, https://fraser.stlouisfed.org/title/460/item/475742, accessed on January 22, 2026.