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Show R.F.C. LOANS OFFERED TO AID REVIVAL Announcement Expected To Aid In Defining Dollar's Status By RICHARD X,. G RIDLEY. L n i t ed I res s F i mil ie i al Co rres-poiitlent rres-poiitlent (Copyright. 1933, by United Press) WASHINGTON, Sept. 15 U.R) A definite announcement announce-ment of the immediate monetary mone-tary policy of the United States will be made within 30 clays, the United Press was informed today by a high ad-1 ad-1 ::iinistration leader. ! The Reconstruction Finance corporation cor-poration advanced the government's govern-ment's easy credit policy by offering offer-ing to loan banks 53,000,000,000 to be released to aid business revival. Inflation Puzzle Te monetary announcement, it was said, will define within certain cer-tain limits the immediate status of the American dollar and may indicate indi-cate to some extent the level at which the dollar will fluctuate. It may reveal the administration's intentions in-tentions as to actual currency inflation in-flation so as to give the public a clearer understanding of what to expect in the way of price fluctuations. fluctua-tions. Refusal of the White House to discuss monetary and inflation , matters in the face of a rising tide of inflation sentiment among con- I gressmen, has led to insistent demands de-mands by bankers and business men that the monetary program be defined. Conservative administration members mem-bers reiterated that actual money inflation was not imminent and also that actual stabilization of the dollar in terms of gold or any other unit was still some time in the future. . I |
