Down to the Finish Line

It looks as if Volcker will remain Federal Reserve Chairman

The quiet jockeying for position in the race for new chairman of the Federal Reserve is getting a little more noisy and a little less crowded. The White House has finally begun to consider seriously the question of a successor to Chairman Paul A. Volcker, 55, whose four-year term expires in August. And while no final decision was made last week, Volcker became the odds-on favorite to succeed himself. The only other serious contender is Alan Greenspan, 57, a frequent adviser to the Reagan...

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

Learn more about the benefits of being a TIME subscriber

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