EYECATCHERS: Outspoken Adviser

"I have found," President Nixon told his press conference last week, "that economists are the most independent breed of the human species, except for members of the press." With good reason, the President was referring specifically to William J. Fellner, 68, whom he has nominated to the three-member Council of Economic Advisers. His Senate confirmation hearings had not even begun when Fellner advised the Administration to stop trying to get the unemployment rate down to 4% and counseled acceptance of a 5% rate as more realistic. For good measure, he criticized the Administration for overstimulating the economy last year, advocated...

Want the full story?

Subscribe Now


Get TIME the way you want it

  • One Week Digital Pass — $4.99
  • Monthly Pay-As-You-Go DIGITAL ACCESS$2.99
  • One Year ALL ACCESSJust $30!   Best Deal!
    Print Magazine + Digital Edition + Subscriber-only Content on TIME.com

Learn more about the benefits of being a TIME subscriber

If you are already a subscriber sign up — registration is free!