Martin's relationship with Senator Richard Russell; discrepancies in expenditures reported by different agencies and people; events leading up to the Federal Reserve Board raising the discount rate to 4.5 percent; LBJ's response to Martin's concern over impending inflation in 1964; visiting LBJ in the hospital in 1966 and at the Ranch in 1965 with Joe Swidler; conflict between LBJ and Martin as chairman of the Federal Reserve Board; LBJ's complaint that Martin raised discount rates without his consent; the effectiveness of the Quadriad in economic decision-making; the relationship between LBJ and Martin; LBJ's appointments to the Federal Reserve Board; Martin's 1965 speech at Columbia University
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Citation
Oral history transcript, William McChesney Martin, interview 1 (I), 5/8/1987, by Michael L. Gillette, LBJ Presidential Library, accessed August 31, 2025, https://discoverlbj.org/item/oh-martinw-19870508-1-07-10