CBS Evening News for Wednesday, Jun 01, 1977
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(Studio) OMB director Bert Lance says raising interest rates could worsen inflation.
REPORTER: Walter Cronkite
(DC) Lance says interest rate increase unjustified. [LANCE - says increase due to Federal Reserve Board's tightening money supply; feels public views incrd. interest rates as synonymous with inflation.] Lance never mentions board chairperson Arthur Burns by name, but disagrees repeatedly with board policy.
REPORTER: George Herman
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