Brimmer Asks for Tax Action, Bank Restraint: Spoke In Boston Withdraw Stimulus Ballooning Loai
Pit. C6______________________________________________________________ ____________________________________</br></br>By Harry Naltchayan, Stall Photographer ANDREW F. BRIMMERÛÓAction on the fiscal front ÛÏstill seems in order.Û</br></br>The newest Governor of the Federal Reserve Board, Andrew F. Brimmer, yesterday warned the nationÛªs bankers that they must say ÛÏnoÛ to more of their customers, and he came out flatly for tax action to dampen the boom.</br></br>ÛÏThe crying need today is for more effective bank restraint on loan expansion,Û Brimmer said in a speech in Boston. ÛÏSomething should be doneÛÓand soon."</br></br>Brimmer pulled no punches in criticizing the Administration for failure to raise taxes earlier this year, and insisted that action on the fiscal front ÛÏstill seems in order.Û