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William Mcchesney Martin

The Punch Bowl Economy

Charles Kolb | Posted 06.29.2015 | Politics
Charles Kolb

If the Fed holds interest rates too high for too long, it can slow economic growth and trigger a recession. It did precisely this, intentionally and to good effect, in the early 1980s to tame exceedingly high inflation rates.

Janet Yellen Gets the Need for Rising Wages. That's Why Republicans Are Out to Get Her.

Ian Reifowitz | Posted 05.03.2015 | Politics
Ian Reifowitz

To get back to that level and maybe even surpass it, we need someone in charge at the Federal Reserve who understands that creating conditions that increase the purchasing power of American workers' paychecks is a part of her mandate. From what she's said and done so far, it appears Janet Yellen is exactly that kind of Fed chair.

Fed Intervention: Whatever It Takes

John Tepper Marlin | Posted 05.25.2011 | Business
John Tepper Marlin

Chairman Martin would surely be stunned by the activism of today's Fed -- and the breadth of agreement that it is doing the right thing -- as it drops monetary napalm on dangerously frozen peaks of our financial system.