CBS Evening News for Thursday, Dec 29, 1977
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) General approval of business community of President Carter's appointed of William Miller to replace Arthur Burns as head of Federal Reserve noted. Guarded reaction abroad and further devaluation of dollar on foreign mkts. also reported Report on Federal Reserve's role in United States economy
REPORTER: Roger Mudd
(DC) Details of operation of Federal Reserve Board and its part in controlling money supply in country given; diagrams shown. [Senator Banking chairperson William PROXMIRE - feels Federal Reserve should be independent of executive branch of government; notes Burns' adherence to this principle.] President appointed of board mbrs., Senator confirmation and details with regard to Federal Reserve govs.' responsibilities cited.
REPORTER: Bruce Morton
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.