Word: reappointment
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There was never much doubt that George Bush would reappoint Federal Reserve Chairman Alan Greenspan to a second four-year term. The only question was when. Last week, just six hours after he hinted he was in no hurry to do it, Bush renominated the Fed chief. Said the President: "The respect that Alan Greenspan has in the world and in this country, particularly in financial marketplaces, is unparalleled...
...encourage some witnesses to snub investigators in the Iranscam probe and other inquiries (among them, the investigation of former Reagan Aide Lyn Nofziger on conflict-of-interest charges). The threat is serious enough that Justice Department officials and congressional leaders are talking of a possible compromise: President Reagan could reappoint the same independent counsel himself, thus circumventing the constitutional problem. Says Stanley Brand, former counsel to the House of Representatives: "Unless they work this out, we could be headed for a crisis of confidence in the administration of justice...
...high. In addition, Martin and Seger, the two Reagan appointees to the Federal Reserve, have sometimes dissented from the board's decisions and called for less restrictive policies. The White House considered replacing Volcker, a Carter appointee, when his term as chairman expired in 1983, but then decided to reappoint him because of the respect he commands in the financial markets. Now, however, the openings at the Federal Reserve may give the Administration new leverage against Volcker. The chairman's reputation earns him enormous clout, and he can set the Fed's agenda, but his vote counts for no more...
...civil war while persuading the country's businessmen and military officers to accept reforms that might induce the leftist rebels to give up their arms and join the fragile democracy. Before taking over from interim President Alvaro Magaña last week, he announced that he would reappoint General Eugenic Vides Casanova as Defense Minister, but only on condition that he cleanse the armed forces of their links with the coun try's death squads. A week earlier, Vides Casanova had removed Colonel Nicolas Carranza from his post as head of the Treasury Police. Duarte's most...
Volcker's term in office was scheduled to end in August, and the question of whether Reagan would reappoint the chairman generated more excitement and suspense than Billy Martin's fate as manager of the New York Yankees. For a while, Presidential Counsellor Edwin Meese and Treasury Secretary Donald Regan urged Reagan to choose his own man to replace Volcker, a Carter appointee. The anti-Volcker group, though, never came up with a serious candidate, and the business community rallied around the chairman because of his record as an inflation fighter. Finally on June 18 the President interrupted...