Bob Dole: “As republican leader, I have had the opportunity to recommend a number of outstanding Americans for appointments in…”

“As republican leader, I have had the opportunity to recommend a number of outstanding Americans for appointments in various administrations. And no doubt about it, one of the recommendations in which I have always taken great pride was to name Wayne Angell to the Federal Reserve Board. When Wayne Angell leaves the Federal Reserve Board on February 10, he will leave behind an 8-year record as a voice for low inflation, low interest rates, and common sense. As the Wichita Eagle wrote this week, ``For Wayne Angell, self-reliance is preferable to government programs; markets generally regulate themselves better than do governments; and prosperity is more likely to ensue when the impulse to tax is restrained.'' I am proud to say that Wayne Angell learned those lessons in Kansas. He was born in Liberal, KS, and received degrees from Ottawa University and Kansas University. Before coming to the Fed, Wayne had been an educator, a banker, a small businessman, a State legislator, and a farmer. In fact, when he was appointed to the Federal Reserve by President Ronald Reagan in 1985, Governor Angell became the only farmer and the only small banker to serve on this distinguished panel. Among those who watch the Federal Reserve closely, Wayne has earned a reputation as an inflation hawk who strove to make the dollar as good as gold, and as someone who helped bring both inflation and interest rates to the lowest levels in a generation.”