"CHICAGO, Dec. 13 (UPI)i Faith in the American dollar[ is dwindling among our allies' overseas, the head of the Federal Reserve System said last! night.</br></br>William McC. Martin told the Chicago Executives Club ""The battle against inflation is at a crucial point and a setback in the U. S. would be a serious setback for the entire world.</br></br>Martin said that during a recent trip to the Far East, he found ?ÛÏamong intelligent and perceptive men ... a growing mistrust over the future of the American dollar.</br></br>?ÛÏTo the foreigner, much more than to Americans, the dollar is a symbol of this country?Ûªs strength,?Û? Martin said. ?ÛÏA decline in the value of the dollar would suggest to him a decline in the faith and credit of the U. S.?Û? ?ÛÏI vyould like to be able to stand and say flatly, ?Û÷There will be no inflation,?Ûª?Û? Martin said. ?ÛÏI cannot do so.?Û?</br></br>To prevent inflation, he urged ""not talk nor long debate,?Û? but ?ÛÏresolute actions which will demonstrate to doubters the good sense and character of the American people.?Û?"
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