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Investment Word

Benjamin Strong, Jr.

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Benjamin Strong, Jr. (1872 - 1928) served as Governor of the Federal Reserve Bank of New York for 14 years until his death. Benjamin Strong exerted great influence over the policy and actions of the entire Federal Reserve System. His policy of maintaining price levels during the 1920s through the open market purchase of securities, and his willingness to maintain the liquidity of banks during panics, have been praised by monetarists.

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