Economy's Ills To Be Studied By Committee: Aim at Reserve Board
In response to prodding from Republican members, the Joint Economic Committee yesterday decided to hold public hearings on policies needed to achieve full employment.</br></br>The inquiry is scheduled to open next week and could provide political fireworks for the congressional campaigns this fall.</br></br>The committeeÛªs Republicans, led by Rep. Thomas B. Curtis (Mo.), are expected to attempt to show that the economyÛªs sluggishness is the fault of the Kennedy Administration.</br></br>Some of the Democrats, led by Chairman Wright Patman (D-Tex.), will fire away at the Federal Reserve Board for what Patman calls its ÛÏtight money, high interestÛ policy.</br></br>The Committee plans to hear from a broad spectrum of economists, Administration and Federal Reserve officials. It will thus be making public some of the testimony that the Ways and Means Committee has been hearing in private.