OCR Text |
Show Eccles Answers Byrd Criticism WASHINGTON, Jan. 17 (LU?) Chairman Marriner S. Eccles of the Federal Reserve board, answering an-swering criticism of federal pump-priming pump-priming by Sen. Harry F. Byrd, D., Va., asserted today that Byrd is seeking to apply pioneer economics eco-nomics to a modern world. Eccles invited public discussion of pump priming policies, which Byrd had charged were blocing the flow of private capital. The Federal Reserve chairman, in a statement, said he welcomed Byrd's views of the issue of pump priming. |