most people didn't know, that those liberty bondscertainly the series he bought went up andown with markeicester the war, interest rates rose, nd prices fell and ma people had toell bonds below what they paid for them. truman never forgotthat eerience. he thought the government shouldn't cheat people. truman called the federal open-market committee to the white house for a tongue-lashing. never before had a preside tried so directly to influence fed policy. there was so much misunderstanding on both sides that truman ordered a commission study the matter. rather than let a third party dictate a settlement the fed and the treasury met on their own to find a solution resulting in e accord of 1951. the federal reserve would be freeo control money and credit without havi to buygovernment securities. the easu agreeto issue someonmarketableonds at carried a somewhat higher intest rate. as in any ttle there wereasuaies. thomas p. mccabe resigned under pressure from truman. he was replaced by william mcchesney martin, a key negotiator of the accord and a treasury undersecretary. following the accord