George W. Mitchell

George Mitchell
George Wilder Mitchell (February 23, 1904 – January 25, 1997) was an American economist, who served as the Vice Chairman of the Board of Governors of the Federal Reserve System from May 1973 to February 1976.wikipedia
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Federal Reserve Board of Governors

Federal Reserve BoardBoard of Governors of the Federal Reserve SystemBoard of Governors of the Federal Reserve
George Wilder Mitchell (February 23, 1904 – January 25, 1997) was an American economist, who served as the Vice Chairman of the Board of Governors of the Federal Reserve System from May 1973 to February 1976.

Arthur F. Burns

Arthur BurnsArthur Frank BurnsArthur-F.-Burns
He served under Fed Chairman Arthur F. Burns.

Economist

economistseconomicsgovernment economist
George Wilder Mitchell (February 23, 1904 – January 25, 1997) was an American economist, who served as the Vice Chairman of the Board of Governors of the Federal Reserve System from May 1973 to February 1976.

Federal Reserve Bank of Chicago

ChicagoChicago FedChicago Federal Reserve Bank
Before that he was a Federal Reserve Governor for 12 years and a long-time staffer at the Federal Reserve Bank of Chicago.

Online banking

internet bankinge-bankingelectronic banking
He was an early promoter of electronic banking.

Richland Center, Wisconsin

Richland CenterRichland Center, WI
Mitchell was born on February 23, 1904, to George Ray and Minnie Mitchell in rural Richland Center, WI.

University of Iowa

IowaState University of IowaThe University of Iowa
After graduating, he worked as a research assistant at the University of Iowa and the University of Chicago until 1932.

University of Chicago

The University of ChicagoChicagoChicago University
After graduating, he worked as a research assistant at the University of Iowa and the University of Chicago until 1932.

Illinois Department of Revenue

Department of RevenueIllinois State Tax CommissionIllinois Tax Commission
In 1933, Mitchell was hired as the Director of Research for the Illinois Tax Commission.

Illinois

ILState of IllinoisIll.
In 1940, he became Assistant to the Director of Revenue for the State of Illinois.

Adlai Stevenson II

Adlai StevensonAdlai E. StevensonStevenson
During this time, Mitchell simultaneously served as Director of Finance for the State of Illinois under Governor Adlai Stevenson.

John F. Kennedy

KennedyPresident KennedyJohn Kennedy
In 1961, President John F. Kennedy appointed Mitchell as a Governor for the Federal Reserve Board.

Richard Nixon

Richard M. NixonNixonPresident Nixon
In 1973, President Richard Nixon appointed Mitchell as the Vice Chairman of the Federal Reserve Board.

New York City

New YorkNew York, New YorkNew York City, New York
Shortly thereafter, he was thrust into a difficult position of resisting a guarantee of the municipal bonds of New York City, echoing the stance favored by President Gerald Ford.

Gerald Ford

Gerald R. FordFordGerald R. Ford, Jr.
Shortly thereafter, he was thrust into a difficult position of resisting a guarantee of the municipal bonds of New York City, echoing the stance favored by President Gerald Ford.

Bailout

bail outbailed outbail-in
Mitchell stated that a guarantee would be akin to a bailout and would subject the Fed to all manner of political pressures.

Lafayette M. Hershaw

Lafayette Mckeen HershawLafayette McKeene Hershaw
Hershaw's speech, as well as that of C. E. Bently, George W. Mitchell, Byron Gunner, O. M. Waller, and C. G. Morgan were noted as especially strong.

ARPANET

ARPA networkDarpanetAdvanced Research Projects Agency Network