Minnesota Banker Takes Oath As Manager of U.S. Public Debt
a participant in Treasury and Federal Reserve policymaking, because he has served on the Federal Advisory Council of the Federal Reserve and on the TreasuryÛªs Government Borrowing Committee, which advises the Under Secretary on debt management.</br></br>He has known and admired William McC. Martin Jr., chairman of the Federal Reserve Board, for many years. He met Anderson only last summer.</br></br>In July, in a speech in St. Paul, Baird defended Government anti-inflation policies, when he said in a speech: ÛÏAll of this regulation then, as we have seen, is to avoid, so far as possible, booms and the subsequent busts.</br></br>Baird was born in St. Paul, where he has been active in civic affairs. He is married and has three children and eight grandchildren.</br></br>ÐÊaide: "I know of no greater responsibility in this country Than the management of the mational debt.Û ; The changes in. the top Treasury positions do not appear to signal any immediate significant changes in fiscal or imonetary policies. Both An jderson and Baird are supporters of ÛÏtight moneyÛ while inflationary pressures persist.