Word: eccleses
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Dates: during 1940-1949
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The outlook did not look as good to everyone, notably to Federal Reserve Board Member Marriner S. Eccles. He warned that there was inflationary trouble ahead. Before a congressional subcommittee last week, he ticked off a few signals: consumer credit is now up to $17 billion, almost double what it...
Divorced. Marriner Stoddard Eccles, 58, onetime Utah banker and industrialist, veteran New Dealer, since 1934 member of the Federal Reserve Board (and chairman from 1936 until President Truman demoted him last February); by May Campbell Eccles, 56, whom he met in Scotland during his Mormon missionary days; after 36 years...
Amid these signs of deflation, President Truman stubbornly insisted that inflation was still the threat. But most Government economists were talking differently. Dr. Ewan Clague, Commissioner of Labor Statistics, estimated that the cost of living might drop 10% within a year. Outspoken Marriner S. Eccles, Federal Reserve Board member, agreed...
With a faint, embarrassed smile, Eccles walked back to the stand. A.P.'s attorneys tried to lay the complaint to Eccles' "personal bias and prejudice." Eccles conceded that, through the Eccles Investment Co., his family owns 44% of the stock of First Security Corp. of Ogden (Utah), which...
As FRB was trying its own complaint Giannini seemed to take it for granted that he would get no favorable decision. But neither A.P. nor Eccles thought that the hearing was any more than a sparring round. The fight to the finish would probably be in the U.S. Supreme Court...