William McChesney Martin, Jr., Chairman of the Federal Reserve Board of Governors (a Federal agency) that oversees the privately owned Federal Reserve System of (central) Banks, at a meeting of the Federal Open Market Committee expresses his opinion that the FRSB no longer need the permission of CONgress to engage in foreign currency speculation.
[restored 10/1/2022] Thanks to Jim Lorenz for this entry.
Subsequent Events:
Authority:
“Law of the Jungle”
ccc-2point0.com/preface
References:
**The Fed Debate in the 1960s over Sterilized Foreign Exchange Intervention**
www.marketskeptics.com/2015/10/fed-debate-in-1960s-over-sterilized.html
Current U.s. National Debt:
