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Economy / Connally / IMF Conference #213217

CBS Evening News for Friday, Oct 01, 1971
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(Studio) Treasury Secretary John B. Connally questioned with regard to national economy
REPORTER: Roger Mudd

(DC) International Monetary Fund (IMF) conference ends with resolution for action on new exchange system. Executive Director Pierre-Paul Schweitzer says good start made. Connally briefs Senator Finance sub-committee [Senator Vance HARTKE - asks Connally about where economy plans going.] [CONNALLY - says can't tell everything; have hope of success.] [HARTKE - says people not let in on where we're going. They're entitled to know about phase II, profits and interest rates freeze; doubts the latter.] [CONNALLY - says doesn't make rash assumptions.] [HARTKE - asks Connally about interest freeze.] [CONNALLY - says doesn't know; we'll tell Americans when we do; tells reporter won't have trade board; no nation wants 1; will have negotiations.]
REPORTER: Daniel Schorr

Mudd, Roger;
Schorr, Daniel

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