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Economy / Carter Inflation Plan #255250

CBS Evening News for Thursday, Oct 26, 1978
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(Studio) UAW, Teamsters and Machinists unions' reactions to President Carter anti-inflation plan reported; Federal Reserve Bd. chairperson G. William Miller support of plan noted.
REPORTER: Walter Cronkite

(NYC) Increasing commodities prices on New York Mercantile Exchange reported; buyers negative reaction to Carter program noted. [Commodities trader Sam ROLLER - says people afraid of United States dollar weakness.] Relationship between commodity and retail prices explained. [New York Mercantile Exchange spokesperson Michel MARKS - says all food prices expected to continue rising.] Speculators' betting against success of Carter plan noted.

Brady, Ray;
Cronkite, Walter

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