Word: mcchesney
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Dates: during 1960-1969
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...crash of 1929. Last week, in the midst of record prosperity, one of the nation's senior economic policymakers waved the red flag - and thereby showed how both ered and uncertain even the healthiest of bulls can become. With some well-timed but somewhat ill-chosen words, William McChesney Martin Jr., pres tigious chairman of the Federal Reserve System, brought out the mercurial char acter of Wall Street psychology, which finds it hard to accept the idea of indefi nitely continuing good times, even when business is most loudly proclaiming its confidence...
...William McChesney Martin Jr., chair man of the Federal Reserve Board, has privately retreated from his feeling earlier this year that the U.S. was "on the thin edge" of price inflation...
...esoteric concerns. It is peopled by able and articulate men who call each other by their first names, nip off to Paris, Basel or London as a matter of routine and keep in constant touch by telephone, cable and personal visits. On a recent visit to Britain, William McChesney Martin Jr., chairman of the Federal Reserve Board, spent three hours tramping through the fields with Lord Cromer, the governor of the Bank of England, at his country home in Kent. "It makes a big difference," says Martin, "if you feel that you can call on a colleague in another country...
...William McChesney Martin Jr., 58, veteran (since 1951) chairman of the Federal Reserve, is second only to Fowler in influence at the White House. President Johnson knows that Martin is a force to be reckoned with: he heads a proudly independent agency and is the U.S. economic official most closely heeded by Europe's central bankers, who consider him the staunchest guardian of U.S. fiscal responsibility. Last week it became clear that Martin is helping to fight the payments deficit and gold outflow by slowly raising short-term interest rates-a move that pleases the foreign bankers more than...
First, Federal Reserve Chairman William McChesney Martin complained to Arkansas Senator John McClellan's Senate Investigations Subcommittee that Saxon withheld confidential evidence of irregularities at the San Francisco National Bank, thus misleading the Federal Reserve into lending the bank $9,260,000 when it was about to fail. Two of Saxon's own aides not only confirmed this lack of communication but added that Saxon waited eight months to tell the Justice Department about indications that the bank's president was accepting kickbacks for approving loans...