Word: maisel
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...resolution complained that "the system attempted this year was not a success." Louis Maisel II '66-3, chairman of the HUC Committee on House Selection, charged yesterday that freshmen were particularly unhappy with...
First, he will probably rely on the Federal Reserve Board to further tighten the money supply. Last week Board Member Sherman Maisel, a Johnson appointee who had voted against last December's increase in the discount rate, surprisingly called on bankers to hold back loans for excessive inventory buying or plant expansion. Still another rise in the discount rate is by no means out of the question...
...increased the price of money. In 1966, predicts Walter Heller, former chairman of the President's Council of Economic Advisers, the increase in interest rates will cut housing back to a point even below last year's disappointing 1,500,000 starts. Federal Reserve Board Governor Sherman Maisel, who strongly opposed the rate boost, figures that the board's action will cut housing sharply. Some Washington officials predict that the discount-rate increase will eliminate 100,000 to 150,000 starts for a year...
Predictably, these pressures produced demands for restraint by lenders and for more federal controls. The New York State Savings Banks Association urged the Federal Reserve to reduce the competition by establishing "guidelines" calling for a $25,000 minimum on commercial-bank certificates of deposit. Reserve Board Member Sherman Maisel cautioned bankers that raising interest rates on savings could prove "inefficient and dangerous." Nonetheless, the temptation seems likely to increase. It will take another three to six months before the full effect of the discount-rate increase filters through the complex U.S. economy...
...Board now has three economists: Maisel, J. Dewey Daane and George Mitchell. A group of businessmen led by two former Treasury Secretaries, Truman's John Snyder and Eisenhower's Robert Anderson, are busy rallying industry to oppose the inclusion of another economist on the Board. They want business to urge on the Administration a single business candidate for the vacancy to insure that the Board's complexion remains as it is-and that Bill Martin stays where...