On the recordJanuary 12, 1978
It is with sincere regret and a deep sense of personal loss that I accept your decision to resign as a member of the Federal Reserve Board.
Source
presidency.ucsb.eduIt is with sincere regret and a deep sense of personal loss that I accept your decision to resign as a member of the Federal Reserve Board.
Federal Reserve System Exchange of Letters on the Resignation of Arthur F. Burns as a Member of the Board of Governors.
Share
More from Jimmy Carter
We look on human rights as an ability to live in peace. And to believe that your future will be better than your past might be.
I would prefer a much more rapid withdrawal myself and I don't know what the, you know, what the recommendation will be until I see the written report.
Our great nation now teeters on the brink of a widening abyss. Without immediate action, we are at genuine risk of civil conflict and losing our precious democracy.
This is a very wise and very courageous thing for President Obama to do. And in my opinion, is long overdue.