Word: minuets
(lookup in dictionary)
(lookup stats)
Dates: during 1970-1979
Sort By: most recent first
(reverse)
Away with the Minuet. The burden of holding prices down while keeping business up falls on the Federal Reserve at a time when it is undergoing deep changes. The most apparent change was the replacement in February of William McChesney Martin Jr. by Economics Professor Burns. Chairman Burns, 66, a strong-willed administrator, has abandoned Martin's insistence on always shaping a policy consensus on the board. If he finds himself in the minority, he will not try to negotiate a compromise but will let himself be outvoted. While this practice could enable the board to move more quickly...