lull...Still Threatens U.S., Banker Says
HOT SPRINGS, Va., June 12-Inflation is still a serious threat, Washington bankers were warned today at the opening of</br></br>Current hesitancy in buying and relaxing of credit controls may be only temporary, declared Walton L. Sanders in liis ad-Sanderson dress as retiring president of the D. C. Bankers Association.</br></br>Unsettled world conditions and continued deficit spending by the Government, he cautioned the 360 delegates, indicate ÛÏthere is every reason to be-cate there is every reason to believe that the period ahead will be a critical one . . . inflationary implications must not be overlooked."</br></br>Sanderson emphasized that the Federal Reserve Board has requested that the voluntary credit restraint organization continue on a ÛÏstand byÛ basis. Also, he pointed out, the board has recommended to Congress that authority for the regulation of consumer credit be continued after June 30, so that it could be reinstated should later developments necessitate such action.</br></br>ÛÏAdjustments such as these in our economy," he concluded, ÛÏcan be expected probably over a long period of lime. Undoubtedly in the month and years ahead bankers will have good reason to adhere to their traditional caution. Normalcy, as we have known it. lies in the future but its' ultimate achievement cannot be foretold.Û