Word: mcchesney
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...Federal Reserve decision making the chairman's vote theoretically counts equally with those of the other governors. But in practice the board has traditionally tended to follow the lead of the chairman. In the past, figures like William McChesney Martin Jr. (chairman from 1951 to 1970) and Arthur Burns (1970 to 1978) have become nationally renowned monetary policymakers. Volcker may have earned an even mightier reputation for bringing the inflation rate down from 13.3% in 1979, the year he was appointed, to 1.1% in 1986. He consistently managed to persuade the other Fed governors to go along with tough...
Added to this priority was Lamberg-Karlovsky interest in building up a tramed professional staff, said Administrator of Exhibits Lea S. McChesney. This "fundamental difference" has given the exhibit a "more professional approach," said Lamberg-Karlovsky...
...opening of this exhibit marks "the first step toward the major renovation of the museum," Lamberg-Karlovsky said. The museum is being refurbished floor by floor. The remaining galleries will be permanent, while the one presently housing the Soft Gold exhibit will be changed about once a year, McChesney said. Renovations should be complete within the next five years, added Lamberg-Karlovsky...
...collections show how new items became incorporated into the culture as [Cook] introduced them," said McChesney. "You see the material market changing with the development of tourism," she added
...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...