Credit Policies of the Federal Reserve System
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THE INSTITUTE OF ECONOMICS OF
THE BROOKINGS INSTITUTION
The Carnegie Corporation of New York in establishing the Institute of Economics declared:
“The Carnegie Corporation, in committing to the Trustees the administration of the endowment, over which the Corporation will have no control whatsoever, has in mind a single purpose—namely, that the Institute shall be conducted with the sole object of ascertaining the facts about current economic problems and of interpreting these facts for the people of the United States in the most simple and understandable form. The Institute shall be administered by its Trustees without regard to the special interests of any group in the body politic, whether political, social, or economic.”
Publication No. 45