Word: chairmens
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Strictly speaking, the Federal Reserve's action is less a shift in policy than a change in procedure. Successive Fed chairmen, beginning with William McChesney Martin in 1951, have remained committed to holding down inflation by preventing the rapid growth of money and credit. But the economy of the 1970s has grown so bloated and distorted with spiraling prices that the traditional techniques of money management have become increasingly useless and even counterproductive. Indeed, at certain critical moments, well-intentioned efforts by the Fed either to tighten up or to relax the reins on monetary growth have boomeranged. The result...
...Previous chairmen had decidedly political leanings: Arthur Burns, appointed by Nixon, was known as a Republican, and Miller had been active in Democratic affairs as a businessman. Volcker, who is a Democrat, is resolutely nonpartisan. Observes Brimmer: "He's simply not going to tilt for or against the White House because of party affiliation. Paul's much more likely to maintain some distance...
Four hundred representatives from the Associated Harvard Alumni, Radcliffe Alumnae, Harvard Club presidents and chairmen of Schools and Scholarships Committees from across the country heard Bok's speech...
Dean Rosovsky likes to assume his department chairmen can count...
...directors began in March 1978 when labor unions, backed by the ACTWU, threatened to withdraw more than $1 billion in pension funds from Man Hanny unless it dumped two of its directors that were also on the Stevens board. Four months later the bank accepted the resignation of Stevens Chairmen James D. Finley and David W. Mitchell. About his resignation Finley said wryly, "You don't stay where you're not wanted." A few weeks later, Mitchell, chairman of Avon products, resigned from the Stevens board in response to letters from union sympathizers threatening a boycott of Avon products. Mitchell...