Word: greenspan
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Dates: during 1970-1979
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Administration reaction to the spurt was mixed. Treasury Secretary William Simon, an inveterate Cassandra, warned that "inflationary pressures remain a serious and continuing problem." White House Economic Adviser Alan Greenspan more optimistically told the Congressional Joint Economic Committee that the June rise does not foreshadow "a new burst of inflation," but conceded that it does mean the U.S. will have to settle for a "base rate of inflation" higher than 3% to 4%. One reason that price boosts may not continue at the June pace: meat prices have leveled off in recent weeks as larger supplies of beef have begun...
...three-man council to full strength for the first time since early spring. C.E.A. Members Gary Seevers and William Fellner resigned then; though they had other reasons as well, they were both resentful about not being consulted more often on policymaking by the Council's Chairman, Alan Greenspan...
...Greenspan is not likely to make the same mistake twice, especially because Malkiel, 42, and MacAvoy, 41, are at least as independent and outspoken as their predecessors. Of MacAvoy, a friend says, "Paul has a Chicago temper. He will stand up and take you apart." Philosophically, both men share Greenspan's free-market approach to economics, though neither is considered an ideologue...
...advisers. He listens intently, sometimes takes notes, but never speaks out. Of the White House staff, he says: "I know who the charmers are-and the hard-asses too." Chief of Staff Donald Rumsfeld has instructed Jack about the many steps that go into White House decision making. Alan Greenspan, chairman of the Council of Economic Advisers, has given him brisk tutorials on the state of the economy, talks that Jack has particularly relished...
...Washington bureau chief, and told him that invitations were being sent for an "informal" lunch with the President. On Jan. 16, seven top Timesmen were ushered into a small dining room in the East Wing for lamb chops with Ford, Nessen, Chief of Staff Donald Rumsfeld, Economic Adviser Alan Greenspan and Special Consultant Robert Goldwin. The gathering was cordial, though Ford occasionally interjected "Now this is off the record" and "This is not for public." Talk eventually turned to the Rockefeller commission. Ford expressed concern that the inquiry could uncover embarrassing CIA activities not related to domestic spying. "Like what...