Word: chairman
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Dates: during 1970-1979
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...Energy Secretary James Schlesinger go. They cheered the firing of Treasury Secretary W. Michael Blumenthal, who has never lived down his brief willingness a year ago to allow the dollar to fall to its lowest levels ever. They applauded his replacement by G. William Miller, who as chairman of the Federal Reserve Board showed a tough-minded determination to protect the dollar by tightening up on money policy, even at the risk of slowing the U.S. economy. One high West German Finance Ministry official captured that view: "A bad Treasury Secretary has been replaced by a wise...
...arrival of Bill Miller in the elegant third-floor corner office of the Treasury Building will lead to some changes in style. He is the kind of "team player" that Carter seems to prize. From his days as chairman of the Textron Corp., Miller has had a reputation for arguing hard and voicing stinging criticism behind closed doors; out in public, however, he joins ranks and forcefully presents the majority position. But Miller can also be stubborn. Blumenthal discovered this last spring when he tried to lean hard on his old friend Bill to have the Fed raise interest rates...
Ironically, because of points strongly urged by Blumenthal as he was leaving his job, Miller should have broad powers and a fairly free hand in formulating policy. Miller is also going to assume Blumenthal's key roles as chairman of the Economic Policy Group and chief economic spokesman. Still, Miller probably will discover that he will be working with a White House staff more interested in politics than policy...
...impending disaster" for Africa's deteriorating economies was given short shrift. The perfunctory debate over the study, which recommended the creation of a Common Market for the continent, tended to justify a sad remark by Liberian President William Tolbert. Most issues, concluded the OAU host and conference chairman, had been "decisively unaddressed...
...that is supposed to provide all the money for Carter's plans, before the legislators recess on Aug. 3 for four weeks. But by week's end they were making plain that Carter, and the nation, will have to wait. Said Louisiana's canny Russell Long, chairman of the Senate Finance Committee, which must approve the tax: "I wouldn't bet on there being $141 billion to support Carter's whole program. I'm not going to force anything through the committee...