A Wall Streeter Makes His Debut On The World Stage

The decision came on May 30 in a phone call to Federal Reserve Chairman Alan Greenspan. It was time, Treasury Secretary Robert E. Rubin told him, to spring a trap on the market bears driving down the dollar. Traders were testing the Treasury chief to see if he would defend the greenback--or stay on the sidelines, as he had when the dollar swooned in April.

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