Word: greenspan
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Dates: during 1970-1979
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...serve in top positions in a national Administration of either party. At present three members of President Ford's Cabinet are of Jewish origin: Secretary of State Henry Kissinger, Secretary of Defense James Schlesinger (who converted to Lutheranism as a young man) and Attorney General Edward Levi. Alan Greenspan, chairman of the Council of Economic Advisers, is also Jewish, as is Arthur Burns, chairman of the Federal Reserve. Certain areas of Government employ an abundance of Jewish Americans, particularly the Departments of Justice, Labor, and Health. Education and Welfare...
...late-night television by relating stories of his boyhood in The Bronx at the turn of the century. Meany has perked up the Sunday TV interview scene by calling Chairman Arthur Burns of the Federal Reserve Board "a national disaster" for his tight-money policies. And he dismisses Alan Greenspan, the chief of the President's Council of Economic Advisers, as an apostle of "economic Darwinism-you know, the survival of the richest...
...Administration faces, President Ford now must find two new members for his three-person Council of Economic Advisers. In a rather unusual move, both Gary L. Seevers, 37, and William J. Fellner, 69, will be leaving the council by April 1. The only member remaining is Chairman Alan Greenspan...
...seeking replacements, Ford especially wants economists with academic backgrounds. A major hurdle in his quest: there are far fewer first-rate economists interested in public-policy issues among Republicans than among Democrats. Moreover, the new recruits will be asked to join the Council at a time when relations between Greenspan and his staff are somewhat strained. Both Fellner and Seevers resented Greenspan's failure to consult with them more during the policymaking that led to the President's new economic stance...
Unhappy Economists. The CEA's staff of 20 economists was no less unhappy. Many believed that Greenspan was not adequately presenting to the White House their views on the need for a much more expansive economic package, with bigger and more permanent tax cuts than the President advocated. Disagreements between the chairman and his economists erupted in a series of debates...