    [Public Papers of the Presidents of the United States: William J. Clinton (1996, Book I)]
    [January 17, 1996]
    [Page 68]
    [From the U.S. Government Publishing Office www.gpo.gov]

    [[Page 68]]

    Statement on the Decision of Alan Blinder Not To Seek a Second Term as
    Vice Chairman of the Board of Governors of the Federal Reserve System
    January 17, 1996

        It is my deep regret to learn of Alan Blinder's decision not to seek
    a second term as Vice Chairman of the Board of Governors of the Federal
    Reserve System. Dr. Blinder's return to Princeton University is a
    tremendous gain for a respected university but a considerable loss for
    the Nation.
        Alan is a powerful force for sound and sensible monetary policy. His
    tenure at the Board was marked by integrity, intelligence, and candor.
    He will be greatly missed there as he was when he left the White House
    Council of Economic Advisers to become Vice Chairman.