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William McChesney Martin | |
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9th Chairman of the Federal Reserve | |
In office April 2, 1951 – January 31, 1970 | |
President | Harry S. Truman Dwight D. Eisenhower John F. Kennedy Lyndon B. Johnson Richard Nixon |
Deputy | C. Canby Balderston James Robertson |
Preceded by | Thomas B. McCabe |
Succeeded by | Arthur F. Burns |
Member of the Federal Reserve Board of Governors | |
In office April 2, 1951 – February 1, 1970 | |
President | Harry S. Truman Dwight D. Eisenhower John F. Kennedy Lyndon B. Johnson Richard Nixon |
Preceded by | Thomas B. McCabe |
Succeeded by | Arthur F. Burns |
President of the New York Stock Exchange | |
In office May 1938 – May 1941 | |
Preceded by | Charles R. Gay |
Succeeded by | Emil Schram |
Personal details | |
Born | William McChesney Martin Jr. December 17, 1906 St. Louis, Missouri, U.S. |
Died | July 27, 1998 Washington, D.C., U.S. | (aged 91)
Political party | Democratic |
Education | Yale University (BA) Columbia University |
William McChesney Martin Jr. (December 17, 1906 – July 27, 1998) was an American business executive who served as the 9th chairman of the Federal Reserve from 1951 to 1970, making him the longest holder of that position. He was nominated to the post by President Harry S. Truman and reappointed by four of his successors. Martin, who once considered becoming a Presbyterian minister, was described by a Washington journalist as "the happy Puritan".[1]