Word: gramley
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President Reagan will soon nominate two new members to this elite group and possibly change the course of monetary policy. Lyle Gramley resigned from the board last week to become chief economist of the Mortgage Bankers Association. In January Partee's term will expire, creating a second vacancy. When those two posts are filled, Reagan, who has already named Martin and Seger, will have picked a majority of the board. Since Federal Reserve governors serve 14- year terms, the board will bear the President's stamp long after he leaves office...
Tuesday morning, July 10, economic, labor and business leaders: Robert Abboud, board chairman of the First National Bank of Chicago; Douglas Fraser, president of the United Auto Workers; John Kenneth Galbraith, author and economics professor emeritus at Harvard; Lyle Gramley, member of the Council of Economic Advisers; John Gutfreund, head of Salomon Brothers; Paul Hall, president of the seafarers union; Walter Heller, economics professor at the University of Minnesota and member of the TIME Board of Economists; Jesse Hill, Atlanta businessman; Reginald Jones, board chairman of the General Electric Co.; Lawrence Klein, economics professor at the University of Pennsylvania; Arthur...
...uncertain world of economic forecasting, where most commentary is clothed in the blue serge prose of prudence, Michael Kaye Evans, 40, is a flamboyant exception. Evans delivers his often outrageous, generally gloomy opinions with a resounding finality. His manner has made him a figure of almost constant controversy. Lyle Gramley, a member of the President's Council of Economic Advisers, calls Evans "the Larry Flynt of econometrics." Yet he is the darling of conservatives on Capitol Hill, where he appears often to testify...
...such a Tax-based Incomes Policy (TIP) bill, which Chairman William Proxmire plans to introduce late this year or early next. Meanwhile, some Treasury and Internal Revenue Service staffers were ordered to cancel summer vacations and study what kind of TIP plan the Carter Administration might propose. Explains Lyle Gramley, a member of the Council of Economic Advisers: "TIP is becoming more attractive simply because the other alternatives aren't much better or they're not working...
...Lyle Gramley, a member of President Carter's Council of Economic Advisers, says: "I still think we'll see a strong third quarter, but inflation is the key to future consumer action. If inflation shows signs of tapering, as we are expecting, then consumer purchases should stay up." Adds a prominent Government economist: "We won't really know what is happening until Christmas. My real fear is that the consumer just can't handle 7% to 8% inflation...