45sec snip

Planet Money cover image

Two Indicators: Inside the Fed, then and now

Planet Money

NOTE

Nixon and the Fed: A Tale of Two Presidents

Nixon pressured Burns to keep interest rates low in order to boost his reelection prospects in 1972./nBurns did not agree with this pressure and wanted rates to be lowered for the sake of stimulating the economy./nHowever, Burns later said that it was not about political pressure, but about avoiding a recession.

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