Harry Truman actually said...

This decision, as I assured you, reflects no lack of complete confidence in you, or dissatisfaction in any respect with your public service, or disagreement on monetary or debt-management policies, or with official actions taken by the Board under your chairmanship.

Context

Letter to Marriner Eccles Asking Him To Remain With the Federal Reserve Board as Vice Chairman

01/26/1948

https://www.presidency.ucsb.edu...

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