Greenspan to head Fed after Volcker departure
President Reagan announced Paul Volcker would step down as Fed chair in August and Alan Greenspan, former CEA head and New York economic consultant, would be nominated to replace him. Markets briefly tumbled but recovered. Greenspan, 61, called the move a major challenge while Volcker said the time had come to private life.
MENTIONED IN THIS ARTICLE
Tom Raum
Washington
Paul A. Volcker
Federal Reserve Board
Reagan
Alan Greenspan
Volcker
Greenspan
White House
Gaias Tasmaine
Fed
Tas Gant
Car Geshes
The Volcker years overview of inflation and rates
Washington AP reports sharp drops in inflation and interest rates during Paul Volcker's Fed tenure while unemployment initially rose and later declined. The piece outlines annual CPI inflation, average unemployment, and yearly prime rates with bank figures.
MENTIONED IN THIS ARTICLE
Washington
Paul A. Volcker
Federal Reserve Board
Nakasone to address trade at Venice summit
Tokyo AP reports Prime Minister Yasuhiro Nakasone will push Japan's trade openness at the Venice summit next week. Japan faces criticism over export pricing while planning market access, domestic stimulus, and higher imports. IMF figures show Japan's trade surplus near 982.7 billion with the US deficit at 166.3 billion.
MENTIONED IN THIS ARTICLE
Tokyo
Yasuhiro Nakasone
Venice
Japan
United States
Makasone
Mnet
U.S
West Germay
Canada
France
Britain
Italy
Motoomocratic Party
Diet
Nakasone
Shiina
LDP
Summit security tight as Venice hosts seven nation summit
Italy deploys nearly 8,000 troops and police to guard leaders at the Venice economic summit June 8 10. Gondola rides are banned and Mareo closure planned on San Giorgio island while naval patrols monitor waters off Venice. Reagan visit to Rome also prompts stringent measures for his weekend trip to the Vatican and Quirinal Palace.
MENTIONED IN THIS ARTICLE
Rome
Italy
Venice
San Giorgio
U.S
Reagan
Reagans
Vatican
John Paul II
Quirinal Palace
Franpa Em
Also Mentioned on This Page
Paul Volker
Ton
Hugh A. Johnson
Flist Albany Corp
Cap Cal Lisome Aman Ari
CPI
Unem Prime
Rorist
Glen Mills Land & Gravel, Inc
Pennell RD
Commurrcal
Trudie
T&r Deli
Concord Rd
Aston
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