Word: mcchesney
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That being the case, the U.S. had the responsibility of doing what it could to provide the remedies that would end the crisis and restore sanity to the gold markets. Treasury Secretary Henry Fowler and Federal Reserve Board Chairman William McChesney Martin last week invited the central bankers of Britain, West Germany, Italy, Belgium, The Netherlands and Switzerland to a weekend meeting in the massive, paneled board room of the Federal Reserve Board in Washington...
They are a world removed from the robber barons of the '20s, who manipulated markets for their own gain. But while their motives are proper enough, and their actions usually beneficial, Federal Reserve Chairman William McChesney Martin, the apolitical conscience of the nation's economy, has warned that the managers of the institutions wield a potentially dangerous amount of market influence...
...exercise had a this-is-a-recording tone, but the White House sent in the first economics team anyway: Treasury Secretary Henry Fowler, Budget Director Charles Schultze, Federal Reserve Chairman William McChesney Martin and Chairman Gardner Ackley of the Council of Economic Advisers. For two days, the witnesses piled statistic on projection to prove essentially two points: that without the tax increase inflation will grow ever more serious, and that the added revenue is sought not to finance new spending programs but to hold the federal deficit to a manageable figure...
...that time, the U.S. will be able to drift away from the gold pool and greatly lessen the monetary emphasis on gold, thus ridding the world of much of the alarm, speculation and instability caused by what William McChesney Martin calls "that barbarous metal." Most bankers and economists believe that the major monetary trend of the future will be a shift away from gold and toward a truly international paper currency, supported by contributions of currencies from all major nations. When that happens, money will be regulated by men instead of metal, and the value of each nation...
Having decided to switch from mild restraints to harsh controls, Johnson cloaked his planning in warlike secrecy. While the President was in Australia, Treasury Secretary Henry Fowler, Commerce Secretary Alexander Trowbridge, Secretary of State Dean Rusk, Federal Reserve Board Chairman William McChesney Martin Jr. and White House Aide Walt Rostow stitched to gether a list of recommendations...