WILLIAM R. BAILEY ’54

WILLIAM R. BAILEY, a retired labor economist with the U.S. Labor Department and the co–author of the Employment Cost Index, which is used by the Federal Reserve to set monetary policy, died June 14, 2008. He was 76. A member of Eclectic, he received his degree with high distinction in economics. After serving in the U.S. Army, he received master’s and doctoral degrees from George Washington University. Among those who survive are his wife, Mary Halpin Bailey, one son, and three granddaughters.