Word: feldstein
(lookup in dictionary)
(lookup stats)
Dates: all
Sort By: most recent first
(reverse)
Within the Reagan Administration there was little open opposition to Greenspan, but there did not seem to be much reason to change from Volcker. At week's end support was shifting heavily to Volcker. Budget Director David Stock man joined Martin Feldstein, chairman of the Council of Economic Advisers, in backing Volcker. Vice President George Bush and Presidential Advisers Michael Deaver and Jim Baker threw their weight behind Volcker, while Presidential Counsellor Edwin Meese remained opposed to him. At the moment, the decision is in the President's hands...
...Economy & Business section since he became a staff writer three years ago. He had previously been a reporter-researcher in the Business section for two years. As a 1972 Harvard economics major, he had as his adviser a faculty member then little known outside the academic community: Martin Feldstein. Since then, as chairman of President Reagan's Council of Economic Advisers, Feldstein has gone on to counsel a better-known pupil...
...problems posed by continued high deficits are depressingly apparent to economists. Says Martin Feldstein, the chairman of Reagan's Council of Economic Advisers: "For the past two decades, total net private savings have averaged only about 7% of the G.N.P. A budget deficit of 6% [which is what $200 billion represents] would absorb an amount equal to nearly all of those savings." The Government's growing borrowing needs could cause what Citicorp's senior domestic economist, Peter Crawford, calls "painful conflicts between the Treasury and private borrowers." This "crowding out" of private borrowers is part...
Other names sometimes mentioned: Martin Feldstein, 43, the current chairman of the Council of Economic Advisers, and Citicorp Chairman Walter Wriston, 63, probably the wittiest of all the candidates. Last month Wriston took himself out of the running by saying that he did not think that a former banker should head the Federal Reserve, which oversees the nation's banks. But then he explained, "Actually, no one ever offered me the job." Also mentioned, but only as long shots: Treasury Secretary Donald Regan, 64, and Treasury Under Secretary for Monetary Affairs Beryl Sprinkel, 59, an ardent monetarist...
...White House turned bullish too. Martin Feldstein, chairman of the Council of Economic Advisers, said that the Administration would soon hike its forecast for this year's G.N.P. growth rate, from 3.1% to perhaps 5%. That optimism was buoyed by the news that the index of leading economic indicators jumped 3.6% in January, its biggest one-month gain in nearly 33 years. Oil prices could be magical at keeping inflation down. At $30, the price, adjusted for inflation, would be only 28% above its 1974 level...