Alan Blinder

President Clinton has approved the appointment of White House economist Alan Blinder to become vice chairman of the Federal Reserve Board, making him the leading candidate to succeed Chairman Alan Greenspan, according to senior Administration officials. But the White House is still searching for another candidate to fill a second vacancy on the Fed's seven-member board of governors.

After the Music Stopped The Financial Crisis, the Response and the Work Ahead Alan Blinder Penguin Press: 496 pp., $29.95 "Obamanomics was an incoherent blur to most citizens - and a not very successful blur, at that," writes Alan Blinder in "After the Music Stopped: The Financial Crisis, the Response and the Work Ahead," a thoughtful attempt by one of the nation's top economists to puzzle through what happened in 2007-09 with the...

After the Music Stopped The Financial Crisis, the Response and the Work Ahead Alan Blinder Penguin Press: 496 pp., $29.95 "Obamanomics was an incoherent blur to most citizens - and a not very successful blur, at that," writes Alan Blinder in "After the Music Stopped: The Financial Crisis, the Response and the Work Ahead," a thoughtful attempt by one of the nation's top economists to puzzle through what happened in 2007-09 with the...

At any given time, there is a dominant line of argument about the great issues that face America. When it comes to the economy, that line is most often delivered by Federal Reserve Chairman Alan Greenspan.

The nomination of economist Alan Blinder to the Federal Reserve Board was approved, 15 to 0, Tuesday by the Senate Banking Committee.

Blinder Top Candidate for Fed Post: Alan Blinder, a member of President Clinton's economic brain trust and former Princeton University economist, is the leading candidate to take the No. 2 post at the Federal Reserve, Administration officials said. The position at the powerful central bank unexpectedly opened up early this month with the departure of David Mullins. Blinder, 48, has served the past year on the White House's Council of Economic Advisers.

Alan Blinder, a 47-year-old economics professor at Princeton University, will be a member of the Council of Economic Advisers, a published report says. President-elect Bill Clinton offered the seat and Blinder accepted, the New York Times reported in today's editions. Blinder's appointment is likely to be announced this week. He will serve under Laura D'Andrea Tyson, a Stanford University economist appointed earlier as head of the council.

Blinder Vows to Fight Inflation: In a confirmation hearing before the Senate Banking Committee, President Clinton's nominee for the No. 2 position at the sought to dispel suggestions that he would be soft on inflation. Alan S. Blinder, the nominee for Fed vice chairman and the first Democratic appointment to the central bank in 14 years, said a further rise in short-term interest rates would probably not roil financial markets as severely as earlier this year.

Federal Reserve Board Vice Chairman Alan Blinder is expected to announce today that he is stepping down as the No. 2 man at the powerful central bank, Clinton administration sources said Tuesday. During his 1 1/2-year stint at the Fed, Blinder has played a key role in shaping interest rate policy and has led a drive to make the central bank more open.

Tight monetary policies--and Alan Greenspan, their architect at the Federal Reserve--are apparently sticking around for another four years. That, according to Fed watchers, was the signal sent Wednesday by Alan Blinder's decision to leave his post as vice chairman of the Federal Reserve System's Board of is Governors. Blinder had been considered a possible successor to Greenspan as Fed chairman when Greenspan's term expires March 2.

Tight monetary policies--and Alan Greenspan, their architect at the Federal Reserve--are apparently sticking around for another four years. That, according to Fed watchers, was the signal sent Wednesday by Alan Blinder's decision to leave his post as vice chairman of the Federal Reserve System's Board of is Governors. Blinder had been considered a possible successor to Greenspan as Fed chairman when Greenspan's term expires March 2.

Federal Reserve Board Vice Chairman Alan Blinder is expected to announce today that he is stepping down as the No. 2 man at the powerful central bank, Clinton administration sources said Tuesday. During his 1 1/2-year stint at the Fed, Blinder has played a key role in shaping interest rate policy and has led a drive to make the central bank more open.

The U.S. economy's growth is weak during the current quarter and will remain sluggish for two or three quarters, Federal Reserve Board Vice Chairman Alan Blinder said Thursday. Growth in the economy's output faces "two or three rocky quarters, hopefully two," Blinder told reporters after speaking before the Minnesota Meeting, a group of academics, business leaders, journalists and other professionals. The slowdown will be "followed by something close to normal growth," he said.

For Alan Blinder, it has been a disorienting summer. When it began, he was a member of a White House economic team characterized in a best-selling book as overly conservative. Blinder and his colleagues, wrote journalist-author Bob Woodward in "The Agenda," had coerced President Clinton into abandoning his liberal campaign pledges and focusing instead on deficit reduction.

The nomination of economist Alan Blinder to the Federal Reserve Board was approved, 15 to 0, Tuesday by the Senate Banking Committee.

Blinder Vows to Fight Inflation: In a confirmation hearing before the Senate Banking Committee, President Clinton's nominee for the No. 2 position at the sought to dispel suggestions that he would be soft on inflation. Alan S. Blinder, the nominee for Fed vice chairman and the first Democratic appointment to the central bank in 14 years, said a further rise in short-term interest rates would probably not roil financial markets as severely as earlier this year.

White House economist Alan Blinder is likely to be nominated as vice chairman of the Federal Reserve Board, a senior Clinton Administration official said Monday. The official, speaking on condition of anonymity, said Blinder is "the strong front-runner," with the support of President Clinton's advisers. Clinton could make his final decision on the recommendation as early as this week, the official said. Clinton's approval is expected, the official said.

When Alice Rivlin stepped up to the podium last December to accept her appointment as deputy director of the Office of Management and Budget, the television cameras saw nothing but the thicket of microphones that towered over the diminutive economist's head.

It was chilled and overcast as the borrowed corporate jet, inbound from Washington, sliced through the cloud cover into the Little Rock, Ark., airport early on the morning of Jan. 7, 1993. Robert Rubin, a wealthy Wall Street financier and one of President-elect Bill Clinton's closest confidants, had arranged for the plane so they could all fly down together: Rubin, Lloyd Bentsen, Leon Panetta, Ira Magaziner, Roger Altman, Alice Rivlin and perhaps half a dozen others.

President Clinton filled two vacancies on the Federal Reserve Board Friday, appointing White House economist Alan Blinder as vice chairman and UC Berkeley economist Janet Yellen to a second seat on the Fed's seven-member board of governors. Blinder and Yellen would be the first Democratic appointees to the board since 1980.