Word: humphrey
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Dates: during 2000-2009
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Current Fed chairman Ben Bernanke has had to explain himself on Capitol Hill a lot more often than that. As Bernanke waited to give his semiannual Humphrey-Hawkins testimony before the House Financial Services Committee on the morning of July 21, Alabama Republican Spencer Bachus thanked him for his "willingness to make yourself available on countless numbers of occasions." Since February, the Fed chairman has been called to testify about Bank of America's takeover of Merrill Lynch, the government's bailout of AIG, the federal budget deficit, the Fed's various new lending programs and the economic outlook...
Ever since 1978, when President Jimmy Carter signed the Full Employment and Balanced Growth Act (a.k.a. the Humphrey-Hawkins Act) into law, Federal Reserve chairmen have had to troop before Congress twice a year to explain themselves...
...surprisingly, then, Bernanke's testimony went well beyond the usual Humphrey-Hawkins report on how the Fed is doing in meeting its two congressionally mandated goals of maintaining stable prices and full employment (fine on the first, not so fine on the second) to defend the Fed against the rising tide of criticism in Congress. (Read "The Fed Holds Steady: Mixed Signals on the Economy...
...Before retiring in 2007, Huntington served twice as chair of the government department and directed Harvard’s Center for International Affairs from 1978 to 1989. But Huntington’s work also took him beyond academia. In 1968, he advised then-Vice President Hubert Humphrey during his bid for the presidency. In 1977 and 1978, Huntington served as coordinator of security planning for the National Security Council under President Jimmy Carter. After suffering from a stroke in 2006, Huntington entered a succession of nursing facilities in Boston. He relocated the following summer to a facility on Martha?...
...apparent at first, but the loss of Jack Kemp, who died on May 2 at 73, calls to mind the parallels he had with another political giant, Hubert Humphrey. As far as I knew, neither had a single political enemy. They may not have achieved the presidency, but each was enormously important in his respective party, in the institutions of government and to the political process. Both were examples of how party members should conduct themselves today...