Word: roosa
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Dates: during 1960-1969
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...ROBERT V. ROOSA, 43, Under Secretary for Monetary Affairs. The selection of bow-tied, scholarly Banker Roosa (pronounced Roza) to be Treasury's No. 3 man was audibly cheered by the U.S. financial community. A former teacher at both Harvard and M.I.T., Roosa was for four years research director for the Federal Reserve Bank in New York, earned a reputation in his trade as "the best central banker in the world." He has a good teacher's ability to talk lucidly on complex subjects, makes a brilliant congressional witness. Roosa has been the man behind Dillon...
...friendly, first-name relations with William McChesney Martin Jr., cautious boss of the Federal Reserve Board, Dillon smoothed the path for the Reserve's new policy of buying long-term Treasury notes and bonds rather than just short-term bills. At Dillon's direction, Under Secretary Robert Roosa has begun discussions with Europe's central banks on ways to prevent multibillion-dollar swings in the Western world's balances of payments; last quarter's $300 million U.S. deficit was the lowest in three years. Dillon helped plan the Administration's expanded Latin American...
...Kennedy pressure Martin into the Fed's new role? The answer: no. Kennedy had indeed called Martin in and explained his views. They were also the views of some of the Fed's own members, notably former New York Fed Vice President Robert Roosa, now Under Secretary of the Treasury. They wanted the Fed to get back into long-term interest issues. Since long-term rates were already easing, Martin sensibly agreed to help give them a downward nudge and his critics a chance...
...specialist in statistical analysis of consumer purchasing. A believer in federal spending, he stands in economic thinking just a slight twist to the right of Council Chairman Walter Heller. Rhodes Scholar Gordon-the fourth Rhodes scholar for the New Frontier team, after Dean Rusk, Treasury Under Secretary Robert Roosa, Charles Hitch-also did graduate work at Harvard, took leave from his professorship at Williams College last January to be director of economic development and administration for the Ford Foundation. Another academic liberal, Democrat Gordon has specialized in international economics...
Robert V. Roosa, 42, Under Secretary of the Treasury for Monetary Affairs. A Rhodes scholar who never went to Oxford (the war intervened), Michigan-born Banker Roosa (pronounced roe za) joined the Federal Reserve Bank of New York in 1946 as an economist, and rose to vice president in charge of research. He is widely respected in international banking circles for his sensible "sound money" views and for detailed knowledge of debt management problems-his chief area of responsibility as the Treasury...