Word: fowlers
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...William McChesney Martin Jr., 58, veteran (since 1951) chairman of the Federal Reserve, is second only to Fowler in influence at the White House. President Johnson knows that Martin is a force to be reckoned with: he heads a proudly independent agency and is the U.S. economic official most closely heeded by Europe's central bankers, who consider him the staunchest guardian of U.S. fiscal responsibility. Last week it became clear that Martin is helping to fight the payments deficit and gold outflow by slowly raising short-term interest rates-a move that pleases the foreign bankers more than...
...Henry Hamill Fowler, 56, the Treasury Secretary, is the financial man who carries the greatest weight at the White House right now. A favorite of Lyndon Johnson's, he almost daily uses his close contacts with Wall Street's bankers and Capitol Hill, cultivated during three years as Under Secretary. "Joe" Fowler's aides moan about his hard pace (usually 9 a.m. to 9 p.m.), which has them working on a dozen different projects, including planning this year's excise-tax reductions and cracking down on abuses of tax-exempt foundations. The first man Wilson sought...
...money team has its weaknesses, of course, but it is versatile and well balanced. Johnson will rely on Joe Fowler and Jack Connor to sell his policies to the nation's businessmen, Bill Martin and Fred Deming to deal with the international moneymen, and Ackley to pick the brains of the nation's economists. In the coming skirmishes over money policy, these few men are destined to wield more and more power...
Hello, Joe. Starting off with new Treasury Secretary Henry ("Joe") Fowler, who was attending his first official Cabinet meeting, Busby called for round-the-room recitations. Fowler's contribution was that "considerable improvements have been detected in a preliminary way" in efforts to trim the balance-of-payments deficit. However, he added hastily, "it is too soon to make any predictions" about reductions in the first quarter of 1965. His piece said, Fowler slipped from the room...
...position, financial experts almost unanimously agree that the world should no longer depend on U.S. deficits for most of its new reserves. Now that the U.S. is narrowing its payments deficit and strengthening the dollar, it is in a stronger position to negotiate. Last week Treasury Secretary Henry H. Fowler called reform of the money system "the major task" of the world's financial ministers in the months and years ahead. He assured everyone that he approaches that task "with an open mind and a willingness to study all practical proposals...