Word: clout
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...major challenge, but I think the CCA will meet it," says Sullivan. "A lot more heat is being generated by a few defectors from the CCA than is merited by their political clout...
...major challenge, but I think the CCA will meet it," says Sullivan. "A lot more heat is being generated by a few defectors from the CCA than is merited by their political clout...
...major challenge, but I think the CCA will meet it," says Sullivan. "A lot more heat is being generated by a few defectors from the CCA than is merited by their political clout...
...major challenge, but I think the CCA will meet it," says Sullivan. "A lot more heat is being generated by a few defectors from the CCA than is merited by their political clout...
...Volcker might be tempted to move on if he sees his control of the Federal Reserve increasingly challenged. Last week the Reagan Administration announced the nomination to the Fed board of two conservatives who might diminish his policy clout. As expected, the President chose Manuel Johnson, 36, an Assistant Treasury Secretary and supply-side advocate, and Wayne Angell, 55, a Kansas banker, economist and farmer, to fill vacancies on the seven-member board. Their selection, coupled with two earlier Reagan appointments, will produce a majority of the board less likely to toe the Volcker line on monetary policy...