Excerpts from the Press Conference
12/18/1944
https://www.presidency.ucsb.edu...
The Federal Reserve System, tested by nearly. a quarter of a century of operation, is a public institution capable of adaptation to future, ...
It should provide for storage of reserve food supplies in an ever-normal granary, so that if severe and widespread drought recurs consumers ...
It should protect both farmers and consumers against extreme ups and downs in prices of farm products.
It should provide for control of surpluses when and as necessary, but at the same time it should preserve the export markets that still are ...