04/02/1985
https://www.presidency.ucsb.edu...
"No, there's one brewing in the media that's talking about it."
"The central responsibility for monetary policy in the United States rests, of course, with the Federal Reserve Board."
"And the result was a drastic distortion of the historic relationship between State and local entities and the Federal Government."
"Executive Order No. 12374 of July 28, 1982, is amended by adding the following new section: 'Sec. 3.'"