William McChesney Martin
William McChesney Martin served as the Chairman of the Federal Reserve from 1951 to 1970, making him one of the longest-serving leaders in the history of the institution. Known for his influential role in shaping U.S. monetary policy during a pivotal time in American history, Martin was a key figure during periods of significant economic change, including the post-World War II boom and the challenges of inflation in the 1960s. His tenure was marked by a commitment to maintaining the independence of the Fed from political pressures, a principle that continues to be a topic of discussion in contemporary economic debates.
Born on Dec 17, 1906 (118 years old)
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Ireland:
Lyndon Johnson told William McChesney Martin his rate hike was 'despicable'.
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Germany:
William McChesney Martin had raised interest rates, which angered Lyndon B. Johnson.
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