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> Paul A. Volcker, 50, president of the New York Federal Reserve Bank and vice chairman of the Fed's powerful Open Market Committee. A Democrat who was Treasury Under Secretary for Monetary Affairs during the Nixon Administration, Volcker is considered a bit too much of a monetarist by some of the Keynesian economists around Carter.
> Bruce K. MacLaury, 46, former president of the Minneapolis Federal Reserve Bank and a nominal Republican, who is now head of the Brookings Institution, the largely Democratic think tank.
More remote candidates include Andrew Brimmer, 51, a black who was a governor of the Fed from 1966 to 1974 and is now a private economic consultant in Washington; Daniel Brill, 59, Carter's Assistant Secretary of the Treasury for economic policy; Economist Henry Kaufman, 50, a partner of Salomon Brothers; and Hauge, 63, President Eisenhower's Administrative Assistant for Economic Affairs.
Whether Burns stays will depend to a large extent on the President's reading of the economic and political climate. If indicators are encouraging and his energy program is emerging in acceptable shape from Congress, he would feel freer to let Burns go. If the outlook is less ebullient, he might well want to keep Burns and not rock the boat. ∎
