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Article: Wendy Gramm Seen as Likely Head of CFTC
- Article from:
- The Washington Post
- Article date:
- October 30, 1987
CopyrightThis material is published under license from the Washington Post. All inquiries regarding rights should be directed to the Washington Post. (Hide copyright information)
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Industry sources say the White House, after stalling for months
on picking a new head for the Commodity Futures Trading Commission,
is leaning toward Office of Management and Budget official Wendy
Gramm for what suddenly has become a crucial job.
Gramm did not return calls yesterday, but sources said they
expect her to be appointed to the CFTC job soon. The nomination
would have to be approved by the Senate.
Gramm is an economist who taught at Texas A&M University before
moving to Washington when her husband, Phil, was elected to Congress
in 1978. The CFTC chairmanship has been vacant since Susan Phillips
left in July.
The CFTC's mission includes regulating financial futures
markets, ...