Chairman Volcker Keeps His Job

"I couldn 't be more pleased, "says Reagan of the Fed boss

His voice twinkling, Ronald Reagan interrupted his regular Saturday radio address with what he called a "news flash." Said the President: "Some years ago, a favorite movie theme was the crusading reporter—hat on the back of his head, clutching the phone—[who] would yell, 'Give me the city desk, I've got a story that'll crack this town wide open!' I've read that line a few times myself. Well, I'm not wearing a hat or clutching a phone. But I'd Like to make an...

Want the full story?

Subscribe Now

Subscribe
Subscribe

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!