But if Wall Street, leery of inflation, should begin to sense Mr. Greenspan caving in to White House pressure, the outcome -- as Mr. Greenspan himself surely knows -- could be a financial-market debacle not at all helpful to Republicans. Opinions differ on how strong Howard Baker will be as Chairman of White House . He has close ties to the traditional wing of the Republican Party and is considered anti-supply-side. He has been called "a good consensus builder," a skill needed to manage the majority supply-side Reserve board. He shares Reagan 's pro- deregulation views on banking issues and has excellent relations with White House Chief of Staff James Baker and Treasury Secretary James Baker . However, he must keep enough distance from the White House to avoid compromising the Treasury 's independence or drawing White House interference.
Opinions differ on how strong Howard Baker will be as Chairman of White House . He has close ties to the traditional wing of the Republican Party and is considered anti-supply-side. He has been called "a good consensus builder," a skill needed to manage the majority supply-side Reserve board. He shares Reagan 's pro- deregulation views on banking issues and has excellent relations with White House Chief of Staff James Baker and Treasury Secretary James Baker . However, he must keep enough distance from the White House to avoid compromising the Treasury 's independence or drawing White House interference.