Word: mcchesney
(lookup in dictionary)
(lookup stats)
Dates: during 1950-1959
Sort By: most recent first
(reverse)
...postwar rate of growth of the U.S. economy has been "materially greater" than Government statistics show. So, last week, said Federal Reserve Board Chairman William McChesney Martin Jr. as he announced a revision of FRB's index of industrial production, the first since...
...billion to push the seven-month total 16% ahead of a year ago. Biggest gains were in home building, which leveled in July at a seven-month rate 32% above last year. So great is the demand for funds to finance home mortgages that Federal Reserve Board Chairman William McChesney Martin Jr. warned: "Overstimulation of building activity under currently developing boom conditions" must be held in check to avoid a later downturn...
...bill to permit the President to ignore the ceiling when necessary to sell bonds. The committee tacked on an amendment expressing the "sense of Congress" that the Federal Reserve Board should expand the nation's credit supply by pegging the price of Government bonds. Cried Fed Chairman William McChesney Martin Jr.: "This is an attack on the independence of the Federal Reserve Board. This is a directive for printing-press money...
...Clint Anderson-no kin), faced the Democrat-dominated Joint Congressional Economic Committee, stoutly resisted charges that "living within our means" is a negative policy. Said Anderson: "The fact of the matter is that there is almost nothing which is more positive than fiscal soundness." Federal Reserve Board Chairman William McChesney Martin Jr.. also appearing before the Joint Congressional Economic Committee, bluntly warned that there was "never a more important time than now" for balancing the budget. Behind Martin's words: the U.S. Treasury Department's discovery that investors' fears of deficit and inflation are making...
Others, including Harvard's Slichter, White House Economic Adviser Raymond Saulnier, and the Federal Reserve's William McChesney Martin have different ideas on growth. They argue that force-feeding offers no assurance of healthy growth, and point to the fact that all the spending and big deficits of the 1930s did not lick the Depression. On the contrary, the U.S. had its two most prosperous years -1956 and 1957-when the budget ran a surplus...