CBS Evening News for Wednesday, Oct 20, 1971
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Bypassed introduction. Show joined at 5:31:30. Walter Cronkite (New York City)
(Studio) Several banks cut prime lending rate from 6% to 5.75%; may give econ. and employment shot in the arm. Treasury Secretary John B. Connally hopes new rates will reverse inflation trend. Chicago American Bank and Trust Company, Charles Schultz, says cut not justified economy, but political implication obvious.
REPORTER: Walter Cronkite
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