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...

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