A president and his Fed chair clash. Sound familiar?
- October 27, 2020
- Gary Richardson, Marketplace, Oct. 27, 2020 (Audio)
Gary Richardson, a professor of economics at the University of California, Irvine, and Fed historian, said the almost 6-foot-4 [President Lyndon B.] Johnson even shoved the much shorter [William McChesney Martin Jr.,] up against the wall. He described the confrontation this way: “These grown men going at it. Johnson shouting, bullying, pushing, kind of physically manhandling the chairman of the Federal Reserve.” Richardson said Martin was shaken but stood his ground.
For the full story, please visit https://www.marketplace.org/2020/10/27/a-president-and-his-fed-chair-clash-sound-familiar/.
Related News Items
- Focus of Fed trading furore shifts to Powell's activities
- History taught the Fed a lesson. Will that be enough?
- Outstanding teaching award recipients in social sciences
- Fed inflation shift raises questions about past rate rises
- If the Fed's nominees were confirmed, could they change monetary policy?