Word: internationale
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Dates: during 1970-1979
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> Paul A. Volcker, 51, president of the Federal Reserve Bank of New York, to replace newly nominated Treasury Secretary G. William Miller as chairman of the Federal Reserve Board. Volcker, in Carter's words, "has broad economic and financial experience and enjoys an outstanding international reputation." The appointment was...
Despite his brobdingnagian frame (6 ft. 7 in., 240 lbs.), his ever present cigar and his gravelly bass voice, Paul Volcker is a man who likes to keep a low profile, to perform his financial wizardry as a bureaucratic technician rather than as a public figure. But such behind-the...
So it was ironic that last week President Carter's appointment of Volcker to replace incoming Treasury Secretary G. William Miller as chairman of the Federal Reserve Bank was generally viewed as a brilliant defense of the dollar. Said usually testy Senate Banking Committee Chairman William Proxmire: "The President...
Volcker's years of toil in the world of interest and exchange rates-he is currently president of the New York Federal Reserve Bank-have made him a comfortable member of the international monetary club, unlike Miller, who was little known in the world's money markets when...
But even as Israel's international problems appeared to subside, serious national troubles cried for attention right outside Begin's hospital room. His illness was only a temporary shield from the political turmoil engendered by the harsh facts of Israel's runaway economic crisis: an 80% inflation...