The Carter Center
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Lloyd Cutler
White House Interview Program DATE: July 8, 1999 INTERVIEWEE: LLOYD CUTLER INTERVIEWER: Martha Kumar With Nancy Kassop MK: May we tape? LC: Yes, but I’d like to have one understanding. I have been misquoted on more than one occasion. I’ll be happy to talk to you about what I think about the transition but I don’t want my name attached to any of it. MK: Okay. So we’ll come back to you for any quotes. We’re going to look at both aspects: the transition itself and then the operations of the office. Working on the theory that one of the things that would be important for people is to understand how an effective operation works, what should they be aiming toward? For example, what is a smooth-running counsel’s office? What are the kinds of relationships that should be established and that sort of thing? So, in addition to looking at the transition, we’re just hoping they’re looking toward effective governance. In your time in Washington, observing many administrations from various distances, you have a good sense of transitions, what works and what doesn’t work. One of the things we want to do is isolate what are the elements of success—just take a number, six elements, five elements—that you think are common to successful transitions. What makes them work? LC: Well, the most important thing to grasp first is how much a White House itself, especially as it starts off after a change in the party occupying the White House, resembles a city hall. -
Political Pressures on Monetary Policy During the US Great Inflation†
American Economic Journal: Macroeconomics 2012, 4(2): 33–64 http://dx.doi.org/10.1257/mac.4.2.33 Political Pressures on Monetary Policy During the US Great Inflation† By Charles L. Weise* Drawing on an analysis of Federal Open Market Committee FOMC documents, this paper argues that political pressures on the( Federal) Reserve were an important contributor to the rise in inflation in the United States in the 1970s. Members of the FOMC understood that a serious attempt to tackle inflation would generate opposition from Congress and the executive branch. Political considerations contributed to delays in monetary tightening, insufficiently aggressive anti-inflation policies, and the premature abandonment of attempts at disinflation. Empirical analysis verifies that references to the political environment at FOMC meetings are correlated with the stance of monetary policy during this period. JEL D72, E32, E52, ( E58, N12 ) hat accounts for the Federal Reserve’s failure to control inflation in the WUnited States in the 1970s? One important set of factors has been highlighted in recent research by Romer and Romer 2002 , Nelson 2005 , Orphanides 2002, ( ) ( ) ( 2003, 2004 , and others. The argument set forth by these authors, which Romer ) 2005 calls the “ideas” hypothesis, is that the Federal Reserve’s errors were rooted ( ) in the beliefs that policymakers held about the structure of the economy. These beliefs included an unrealistically low estimate of the natural rate of unemploy- ment, the belief that observed inflation had little to do with monetary policy and that monetary policy could do little to combat it, and an overly pessimistic estimate of the costs of disinflation. -
Nixon - Papers Access Requests Compilation (1)” of the Philip Buchen Files at the Gerald R
The original documents are located in Box 28, folder “Nixon - Papers Access Requests Compilation (1)” of the Philip Buchen Files at the Gerald R. Ford Presidential Library. Copyright Notice The copyright law of the United States (Title 17, United States Code) governs the making of photocopies or other reproductions of copyrighted material. Gerald R. Ford donated to the United States of America his copyrights in all of his unpublished writings in National Archives collections. Works prepared by U.S. Government employees as part of their official duties are in the public domain. The copyrights to materials written by other individuals or organizations are presumed to remain with them. If you think any of the information displayed in the PDF is subject to a valid copyright claim, please contact the Gerald R. Ford Presidential Library. Digitized from Box 28 of the Philip Buchen Files at the Gerald R. Ford Presidential Library THE WHITE HOUSE WASHINGTON September 29, 1976 MEMORANDUM FOR: RON NESSEN FROM: PHILIP BUCHEN According to the attached comment by Jack Anderson, the Carter strategists are planning to call upon the President to release all of the tapes of his private conversations with Richard Nixon. As you probably know, the tapes and other Nixon material are subject to court injunction and neither the President nor anyone acting in his behalf can examine or disclose the tapes or other materials except for very limited purposes. In answering the challenge from Carter, that is not considered to be one of those purposes. Attachment _ Strategy -9- CARTER/MONDALE Carter Team Gearing to Make Watergate Big Issue Carter strategists are considering making Watergate a major campaign. -
Changing the Face of the Law: How Women's Advocacy Groups Put Women on the Federal Judicial Appointments Agenda
American University Washington College of Law Digital Commons @ American University Washington College of Law Articles in Law Reviews & Other Academic Journals Scholarship & Research 2002 Changing the Face of the Law: How Women's Advocacy Groups Put Women on the Federal Judicial Appointments Agenda Mary Clark Follow this and additional works at: https://digitalcommons.wcl.american.edu/facsch_lawrev Part of the Human Rights Law Commons, Judges Commons, and the Law and Gender Commons Changing the Face of the Law: How Women's Advocacy Groups Put Women on the Federal Judicial Appointments Agenda Mary L. Clark* Given the significant involvement of women judges and members of women's advocacy groups in the Women, Justice, and Authority conference, I thought it fitting to pursue some legal history for this occasion on the impact of women's advocacy groups on women's judicial appointments, looking in particular at Article III judgeships. Like Linda Kerber, I focus here on the transformative moment of the 1970s, specifically the years of the Carter presidency, 1977-81, when women's advocacy groups first exercised significant influence over women's federal judicial appointments. Before Carter, only eight women had been named to Article III courts of general jurisdiction.1 During Carter's one term, forty women were appointed-a 500% increase. This article addresses how and why this occurred, and what lessons we can learn from it. Visiting Associate Professor, Washington College of Law, American University. 1. These first eight were: Name Court Appointing President Year Confirmed 1. Florence Ellinwood Allen 6"' Cir. Roosevelt 1934 2. Bumita Shelton Matthews D.D.C. -
Counsel to the President: a Guide to Its Records at the Jimmy Carter Library
441 Freedom Parkway NE Atlanta, GA 30307 http://www.jimmycarterlibrary.gov Records of the White House Office of Counsel to the President: A Guide to Its Records at the Jimmy Carter Library Collection Summary Creator: Office of Counsel to the President Title: Records of the White House Office of Counsel to the President Dates: 1977-1981 Quantity: 400 linear feet (118 linear feet, 7 linear inches open for research), 462 containers Identification: Accession Number: 80-1 National Archives Identifier: 1083 Scope and Content: The files consist of correspondence, memoranda, notes, briefing papers, legal documents, and miscellaneous printed material. These materials relate to information regarding all official White House legal issues including domestic matters and foreign policy treaties. The files also consist of legal advice given to the president on personal and political situations. Creator Information: Office of Counsel to the President The purpose of the White House Office of Counsel to the President was to provide legal advice to the President and the White House staff. It also acted as liaison to the Department of Justice and to the legal counsels of various government agencies. It dealt with ethical matters, conflicts of interest, and security clearances concerning Presidential appointees and White House staff. It provided legal advice on the President's official and personal legal affairs, legislation, and Supreme Court cases. It also was involved in the coordination of appointments to the1 federal judiciary. The Counsel's Office staff is comprised of lawyers plus clerical and administrative personnel. Detailees, consultants, and interns increased the size of the office to varying levels throughout the administration. -
Interview with Frederick H. Schultz Former Vice Chairman, Board of Governors of the Federal Reserve System
Federal Reserve Board Oral History Project Interview with Frederick H. Schultz Former Vice Chairman, Board of Governors of the Federal Reserve System Date: January 7, 2008, and January 8, 2008 Location: Jacksonville, Florida Interviewers: David H. Small and Lynn Fox Federal Reserve Board Oral History Project In connection with the centennial anniversary of the Federal Reserve in 2013, the Board undertook an oral history project to collect personal recollections of a range of former Governors and senior staff members, including their background and education before working at the Board; important economic, monetary policy, and regulatory developments during their careers; and impressions of the institution’s culture. Following the interview, each participant was given the opportunity to edit and revise the transcript. In some cases, the Board staff also removed confidential FOMC and Board material in accordance with records retention and disposition schedules covering FOMC and Board records that were approved by the National Archives and Records Administration. Note that the views of the participants and interviewers are their own and are not in any way approved or endorsed by the Board of Governors of the Federal Reserve System. Because the conversations are based on personal recollections, they may include misstatements and errors. ii Contents January 7, 2008 (First Day of Interview) .................................................................................... 1 Background .................................................................................................................................... -
Presidential Advisers' Testimony Before Congressional Committees
Order Code RL31351 Presidential Advisers’ Testimony Before Congressional Committees: An Overview Updated July 16, 2008 Harold C. Relyea Specialist in American National Government Government and Finance Division Todd B. Tatelman Legislative Attorney American Law Division Presidential Advisers’ Testimony Before Congressional Committees: An Overview Summary Since the beginning of the federal government, Presidents have called upon executive branch officials to provide them with advice regarding matters of policy and administration. While Cabinet members were among the first to play such a role, the creation of the Executive Office of the President (EOP) in 1939 and the various agencies located within that structure resulted in a large increase in the number and variety of presidential advisers. All senior staff members of the White House Office and the leaders of the various EOP agencies and instrumentalities could be said to serve as advisers to the President. Occasionally, these executive branch officials playing a presidential advisory role have been called upon to testify before congressional committees and subcommittees. Sometimes, such invited appearances have been prompted by allegations of personal misconduct on the part of the official, but they have also included instances when accountability for policymaking and administrative or managerial actions have instigated the request for testimony. Because such appearances before congressional committees or subcommittees seemingly could result in demands for advice proffered to the President, or the disclosure — inadvertent or otherwise — of such advice, there has been resistance, from time to time, by the Chief Executive to allowing such testimony. Congress has a constitutionally rooted right of access to the information it needs to perform its Article I legislative and oversight functions. -
THE LAW PRESIDENTS MAKE Daphna Renan*
COPYRIGHT © 2017 VIRGINIA LAW REVIEW ASSOCIATION THE LAW PRESIDENTS MAKE Daphna Renan* The standard conception of executive branch legal review in the scholarship is a quasi-judicial Office of Legal Counsel (“OLC”) dispensing formal, written opinions binding on the executive branch. That structure of executive branch legalism did have a brief heyday. But it obscures core characteristics of contemporary practice. A different structure of executive branch legalism—informal, diffuse, and intermingled in its approach to lawyers, policymakers, and political leadership—has gained new prominence. This Article documents, analyzes, and assesses that transformation. Scholars have suggested that the failure of OLC to constrain presidential power in recent publicized episodes means that executive branch legalism should become more court-like. They have mourned what they perceive to be a disappearing external constraint on the presidency. Executive branch legalism has never been an exogenous or external check on presidential power, however. It is a tool of presidential administration itself. Exploring changes in the structure of executive branch legal review sheds light on the shifting needs of the * Assistant Professor, Harvard Law School. From 2009–2012, I served in the Justice Department as Counsel to the Deputy Attorney General and then as an Attorney Advisor in the Office of Legal Counsel. The views expressed are my own and the discussion is based only on publicly available materials. For generous engagement with this project at various stages, -
Perceived FOMC: the Making of Hawks, Doves and Swingers
Perceived FOMC: The Making of Hawks, Doves and Swingers Michael Bordo1 Klodiana Istrefi2 [email protected] [email protected] Economics Working Paper 18108 HOOVER INSTITUTION 434 GALVEZ MALL STANFORD UNIVERSITY STANFORD, CA 94305-6010 May 18, 2018 Narrative records in US newspapers reveal that about 70 percent of Federal Open Market Committee (FOMC) members who served during the last 55 years are perceived to have had persistent policy preferences over time, as either inflation-fighting hawks or growth-promoting doves. The rest are perceived as swingers, switching between types, or remained an unknown quantity to markets. What makes a member a hawk or a dove? What moulds those who change their tune? We highlight ideology by education and early life economic experiences of members of the FOMC from 1960s to 2015. This research is based on an original dataset. Keywords: monetary policy committees; Federal Reserve; policy preferences JEL No. E03, E50, E61 The Hoover Institution Economics Working Paper Series allows authors to distribute research for discussion and comment among other researchers. Working papers reflect the views of the authors and not the views of the Hoover Institution. 1Michael Bordo, Department of Economics, Rutgers University, 75 Hamilton Street, New Brunswick NJ 08901. 2 Klodiana Istrefi, Monetary Policy Research Division, Banque de France. Introduction Monetary policy decisions in recent years typically arise from the deliberation and vote of a committee.3 The setting of policy in a committee -
The White House Counsel's Office
THE WHITE HOUSE TRANSITION PROJECT 1997-2021 Smoothing the Peaceful Transfer of Democratic Power REPORT 2021—28 THE WHITE HOUSE COUNSEL MaryAnne Borrelli, Connecticut College Karen Hult, Virginia Polytechnic Institute Nancy Kassop, State University of New York–New Paltz Kathryn Dunn Tenpas, Brookings Institution Smoothing the Peaceful Transfer of Democratic Power WHO WE ARE & WHAT WE DO The White House Transition Project. Begun in 1998, the White House Transition Project provides information about individual offices for staff coming into the White House to help streamline the process of transition from one administration to the next. A nonpartisan, nonprofit group, the WHTP brings together political science scholars who study the presidency and White House operations to write analytical pieces on relevant topics about presidential transitions, presidential appointments, and crisis management. Since its creation, it has participated in the 2001, 2005, 2009, 2013, 2017, and now the 2021. WHTP coordinates with government agencies and other non-profit groups, e.g., the US National Archives or the Partnership for Public Service. It also consults with foreign governments and organizations interested in improving governmental transitions, worldwide. See the project at http://whitehousetransitionproject.org The White House Transition Project produces a number of materials, including: • WHITE HOUSE OFFICE ESSAYS: Based on interviews with key personnel who have borne these unique responsibilities, including former White House Chiefs of Staff; Staff Secretaries; Counsels; Press Secretaries, etc. , WHTP produces briefing books for each of the critical White House offices. These briefs compile the best practices suggested by those who have carried out the duties of these office. With the permission of the interviewees, interviews are available on the National Archives website page dedicated to this project: • *WHITE HOUSE ORGANIZATION CHARTS. -
Secrets of the Temple: How the Federal Reserve Runs the Country by William Greider
Secrets of the Temple: How the Federal Reserve Runs the Country By William Greider Summarized by Jay Lotz somebookblog.wordpress.com SomeBookBlog PART ONE: SECRETS OF THE TEMPLE Chapter 1: The Choice of Wall Street In the summer of 1979, President Carter found himself stuck in the mud. His popularity was dwindling by the day, and many in the nation viewed his administration as a model of inconsistency and confusion. The next presidential election was not far off, and a recent Gallup poll had shown that Democrats preferred Ted Kennedy to Carter by a more than two-to-one margin (66 to 30 percent). Carter and his inner circle decided it was time to turn his fortunes around. For 10 days, he secluded himself at Camp David, and invited leaders from all spheres of American life to tell him where he went wrong, and what he should do about it. On Sunday, July 15, Carter famously delivered what would soon be termed his “malaise speech” (Carter in fact never used the word). Carter told the nation that they were suffering from a sort of spiritual crisis, that America was losing its sense of unity and moral purpose. He criticized the nation as materialist, saying “too many of us now tend to worship self-indulgence and consumption. Human identity is no longer defined by what one does, but by what one owns.” Despite derisive coverage by the press, the speech resonated with the American people. Carter’s popularity increased by 10 percent virtually overnight. But Carter wasn’t finished yet. Determined to make a bold statement, on the Tuesday after his speech Carter asked for the resignations of his entire Cabinet. -
Essays on Central Bank Projections, Credibility, and Monetary Policy
UNIVERSITY OF CALIFORNIA, IRVINE Essays on Central Bank Projections, Credibility, and Monetary Policy DISSERTATION submitted in partial satisfaction of the requirements for the degree of DOCTOR OF PHILOSOPHY in Economics by Cody Allen Couture Dissertation Committee: Professor Eric Swanson, Chair Professor Gary Richardson Professor William Branch Professor Fabio Milani 2021 Chapter 1 c 2021 Elsevier All other materials c 2021 Cody Allen Couture DEDICATION To my parents, Monty and Carole, for their unwavering love and support. ii TABLE OF CONTENTS Page LIST OF FIGURES v LIST OF TABLES vi ACKNOWLEDGMENTS vii VITA viii ABSTRACT OF THE DISSERTATION ix 1 Financial Market Effects of FOMC Projections 1 1.1 Introduction . 1 1.1.1 Related Literature . 4 1.2 Data . 6 1.2.1 Summary of Economic Projections . 6 1.2.2 Federal Funds Futures . 7 1.2.3 Market Survey Data . 10 1.3 The Effect of FOMC Projections on Asset Prices . 11 1.3.1 Federal Funds Rate . 12 1.3.2 Mechanism: Impacting Federal Funds Rate Expectations . 19 1.3.3 Other Forecast Variables . 20 1.3.4 Greenbook Results . 23 1.4 Dispersion of Forecasts . 24 1.4.1 Range and Central Tendency . 25 1.4.2 Higher Moments . 26 1.5 Relationship to Forward Guidance . 27 1.6 Conclusion . 28 2 Differences between Central Bank and Private Sector Policy Rate Fore- casts: Causes and Implications for Monetary Policy 32 2.1 Introduction . 32 2.2 Differing Policy Rate Expectations . 37 2.2.1 Measuring Central Bank Expectations . 37 2.2.2 Measuring Private Sector Expectations . 38 2.2.3 Gap in Interest Rate Expectations .