Word: mcchesney
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...William McChesney Martin Jr., chairman of the Federal Reserve Board...
...about its international payments in the past three years: a balance for the year's first quarter. How could Dillon play that down? Well, he managed deftly by describing the new payments figures as "alarmingly good." Talking before the Advertising Council, Federal Reserve Board Chairman William McChesney Martin Jr. seemed relieved to report that the demand for money had fallen below his expectations, largely because of high corporate profits and heavy cash flow. The result: the Federal Reserve's Open Market Committee decided that higher interest rates are not necessary...
Federal Reserve Chairman William McChesney Martin Jr., who depends on his personal impressions of the economy almost as much as on all the statistics, was surprised at how much the tax cut increased his own paycheck* and figured that other people will be just as pleasantly surprised. A quick check with department store executives in Los Angeles, Dallas, Cleveland and Detroit convinced him last week that sales are in for a substantial lift...
...William McChesney Martin Jr.-who occupies what Patman somewhat extravagantly calls "the most powerful job in the civilized world"-successfully campaigned for a slight squeezing of credit and rise in interest rates. But his colleagues are sharply divided on the issue, and the Federal Reserve is being pelted with criticism from several sides...
...demands for big wage hikes in upcoming labor talks in major industries. Should inflation appear again despite this warning, it will be the job of the Federal Reserve Board to combat it by limiting the money supply-and that possibility last week caused a clash between Fed Chairman William McChesney Martin Jr. and his archcritic, Texas Democrat Wright Patman, chairman of the House Banking Committee...