Word: brimmer
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Recently the private suite that Bennett occupied has opened to other tenants. The Overseers last May created a standing Committee on University Financial Policy. Its members--George Putnam '49, committee chairman and president of Putnam Management Corporation; Andrew F. Brimmer, governor of the Federal Reserve Board; Albert H. Gordon '23, partner of Kidder, Peabody and Co.; and C. Douglas Dillon '31, president of the Board of Overseers and former Secretary of the Treasury--are all very experienced in investment management. But while they may occasionally question Bennett's judgment in financial decisions, they are unlikely to disagree with...
Four Overseers constitute the new committee. They are Andrew F. Brimmer, Albert H. Gordon '23, Putnam, and C. Douglas Dillon '31, President of the Board of Overseers, and an ex officio member...
...voice was never heard on Capitol Hillthe voice of the U.S. consumer. The consumer will pay the bill if the protectionist measure passes, and the price will be outrageous. Federal Reserve Board Governor Andrew Brimmer said last week that by 1975 consumers will be paying $3.7 billion a year extra for clothing and shoes alone. Reasons: Americans will not be able to get low-priced imports as easily as they now do, and prices of U.S.-made goods will rise faster because of less competition from abroad. The costs. Brimmer declares, will be borne disproportionately by the poor...
...toughest question in political economics is how much joblessness the U.S. should tolerate as the price of victory over inflation. Few people appreciate how excruciating that choice really is. Federal Reserve Board Governor Andrew Brimmer recently steeled himself to ask a computer what would be required in order to reduce the rate of price increases to 1.5% a year by the end of 1971. The computer coolly answered that output would have to drop 14% and that the jobless rate would go well above 7%-a level of unemployment that the nation has not seen in a decade. Brimmer then...
Andrew F. Brimmer, LL.D., member of the Board of Governors of the Federal Reserve System. Anne Sexton, D.Let., poet...