Word: mcchesney
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Dates: during 1990-1999
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DIED. WILLIAM MCCHESNEY MARTIN JR., 91, even-keeled Chairman of the Federal Reserve for 19 years; in Washington. Martin, who helped define the Federal Reserve as an independent entity, was known for his cautious, if not entirely dire, predictions; he described economic booms as "the party that leads to the hangover." His no-nonsense style--and occasionally unpopular stands--nevertheless managed to inspire the trust of Presidents from Truman to Nixon...