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Burns / Economy / Consumer Reports Controversy #238787

CBS Evening News for Tuesday, Feb 25, 1975
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(Studio) Federal Reserve Bd. chairperson Arthur Burns says forces set in motion to expand cntry.'s money supply faster. Burns presently in center of dispute over magazine article about banks' interest rates.
REPORTER: Walter Cronkite

(Mt. Vernon, New York) Furor over "Consumer Reports" article that compares loan rates of over 100 banks in nation's largest metropolitan areas. Fed. Reserve Bd. compiles such information but doesn't make it public. [BURNS - says FBI asked to investigate matter and find who leaked info.] Officials at "Consumer Reports" refuse to say how they got information [Edward "Consumer Reports" Irwin LANDAU - thinks all journalists must be concerned when FBI called in to investigate.] Most banks say content of article not controversial or confidential.
REPORTER: Chris Kelley

Cronkite, Walter;
Kelley, Chris

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