Political Quotes

Herbert Hoover: “Cooperation of our Federal reserve system and our banks with the central banks in foreign countries has contributed to…”

On the record
Cooperation of our Federal reserve system and our banks with the central banks in foreign countries has contributed to localize and ameliorate a number of serious financial crises or moderate the pressures upon us and thus avert disasters which would have affected us.
Said by
Herbert Hoover
Republican · California

Editor's note · Context

This statement highlights the collaboration between the U.S. Federal Reserve and foreign banks to mitigate financial crises.

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