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Marriner Eccles: Father of the Modern Federal Reserve
Marriner Eccles' Road to the Chairman of the Federal Reserve
In a speech before Congress in 1933, with the nation in the throes of the Great Depression, a previously-unknown banker from Utah took to the podium to advocate for unprecedented, major government interventions in the economy — from unemployment insurance to housing assistance. His name was Marriner Eccles, and his ideas would soon propel him to the seat of chairman of the Federal Reserve.
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