William McChesney Martin, Jr. (December 17, 1906, St. Louis, Missouri – July 28, 1998, Washington, D.C.) was the ninth and longest-serving Chairman of the United States Federal Reserve Bank, serving from April 2, 1951, to January 31, 1970, under five presidents. Martin, who once considered becoming a Presbyterian minister, was once described by a Washington journalist as "the happy Puritan".
William McChesney Martin, Jr., was born to William McCh...
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William McChesney Martin, Jr. (December 17, 1906, St. Louis, Missouri – July 28, 1998, Washington, D.C.) was the ninth and longest-serving Chairman of the United States Federal Reserve Bank, serving from April 2, 1951, to January 31, 1970, under five presidents. Martin, who once considered becoming a Presbyterian minister, was once described by a Washington journalist as "the happy Puritan".
William McChesney Martin, Jr., was born to William McChesney Martin and Rebecca Woods. Martin's connection to the Federal Reserve was forged through his family heritage. In 1913, Martin's father was summoned by President Woodrow Wilson and Senator Carter Glass to help write the Federal Reserve Act that would establish the Federal Reserve System on December 23 that same year. His father later served as governor and then president of the Federal Reserve Bank of St. Louis.
Martin was a graduate of Yale University, where his formal education was in English and Latin rather than finance. However, he...
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