Word: mcchesney
(lookup in dictionary)
(lookup stats)
Dates: during 1980-1989
Sort By: most recent first
(reverse)
...does Reagan really have that much freedom of action? Some longtime watchers of the process of naming the Federal Reserve's boss point out that a President's power is often much less than it appears. William McChesney Martin, for example, had served as chairman longer than anyone else, from 1951 until 1970, when he retired. The last two Presidents to reappoint Martin, Kennedy and Johnson, would have preferred to name their own man to the job, but they stayed with Martin because of pressure from financiers around the world. Moneymen used to quip that Martin was worth...