Word: cea
(lookup in dictionary)
(lookup stats)
Dates: during 1960-1969
Sort By: most recent first
(reverse)
...succeed him, Johnson named Gardner Ackley, 49, a former University of Michigan economics professor who has been a member of the Council of Economic Advisers since 1962. To fill the vacancy left by Ackley's move up, Johnson picked Arthur Okun, a Yale economist and since 1961 a CEA staff member...
...with Influence. Heller's will be a tough act to follow. He was certainly the most influential chairman in CEA history, and probably had the presidential ear as exclusively as any other single economist in U.S. history. It was Heller who, over the initial objections of Treasury Secretary Douglas Dillon, successfully argued President Kennedy into backing a tax cut. And it was Heller who in effect changed the nation's economic course by winning first Kennedy, then Johnson, over to the philosophy of deficit spending as a stimulant for a sluggish economy...
...While Ahead. But Ackley is every bit as activist and liberal as Heller. He is recognized as the CEA's expert on domestic monetary policy, was one of the leaders in urging Kennedy to attack the balance-of-payments deficit by imposing an interest equalization tax. He can be expected to fight for the maintenance of present wage-price guidelines, work for continued easy credit, try to devise new means of reducing unemployment, and in general follow the blueprint of his predecessor. But he is cautious about predictions and somewhat wry about his promotion. "Walter had enough sense...
...activities of these advisers are more or less coordinated through the President's Council of Economic Advisers, but they range far beyond the usual scope of the CEA. Walter Heller, author of the tax cut and the most influential chairman in the CEA's history, is expected to resign soon and return to the University of Minnesota, though the President is eager to keep him on. Heller's replacement could well be Michigan's Gardner Ackley, 49, a somewhat quieter but equally activist CEA member. Whoever heads the CEA, the band of outside economic advisers...
...importantly shaped the form of the tax cut and now is lobbying for a reduction in excise taxes. Pechman went to the University of Wisconsin with Heller, landed his first Government job (in the Treasury) through Heller after World War II, now frequently discusses the economy with the CEA chief. Specializing at the moment in federal-state relations, Pechman this week will hand to the President a lengthy report that recommends methods for channeling a portion of federal tax revenues back to the states. "Johnson and his aides seek advice and know how to use it," says Pechman. "They have...