CBS Evening News for Friday, Oct 17, 1969
View other clips in this broadcast →
Material supplied by VTNA may be used for educational analysis or research only. Any editing, reproduction, publication, rebroadcast, public showing or public display may be prohibited by copyright laws.
(Studio) President Nixon appeals for patience and self-restraint for economy stabilization.
REPORTER: Walter Cronkite
(DC) President Nixon wanted to assure Americans of slowing down inflation, but not causing recession. Says no wage and price controls. He'll hold down government spending and hold tax rate up. Only live radio coverage allowed. Only 1 point allowed for TV. [President NIXON - says we're on the road to recovery from runaway prices. Cost of living can be slowed. $ should be worth $.] President reported resignation of Federal Reserve Bd. Chairperson William McC. Martin, 62, who will be replaced by White House Counsellor, Dr. Arthur Burns, 65. 2 men shown together. Both men sound money men who believe in high interest rates and limited unemployment to control inflation.
REPORTER: Dan Rather
Note to sponsor members: The Vanderbilt Television News Archive video player requires a modern operating system and browser to work properly. If you are experiencing playback problems, check the minimum requirements and adjust your setup accordingly. After adjustments, if you continue to experience problems, please contact us.
Welcome! Above is the abstract of the item that you're interested in viewing from the Vanderbilt Television News Archive's collection. You have three options if you'd like to view this item:
If you believe that you are associated with a sponsoring college or university and have received this message in error, please let us know.