Word: mcchesney
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...YORK UNIVERSITY William McChesney Martin Jr., LL.D., chairman of the Federal Reserve Board...
...chairman of the Federal Reserve Board, who two weeks ago shook the business community by comparing 1965 with 1929, persisted in sounding bothered. Said William McChesney Martin Jr.: "I have businesses to worry about in good times and bad times. If I weren't worried, I wouldn't be in business." Lyndon Johnson tried to ease the unease that Martin had aggravated, took pains to reassure the nation that "there is no reason for gloom or doom." Thousands of anxious investors sold their shares, sending the stock market into its sharpest drop since President Kennedy's assassination...
...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...