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Economy #255513

CBS Evening News for Thursday, Nov 16, 1978
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(Studio) Federal Reserve chairperson G. William Miller's testimony to Senator Banking Committee with regard to possibility of recession and outlook for control of inflation noted.
REPORTER: Roger Mudd

(DC) Miller's testimony to committee reported Predictions about future stated. [MILLER - doesn't see conditions to bring on recession unless new factors introd.] Federal chairperson's comments on wage and price controls, unemployment, building declines and high interest rates listed.
REPORTER: Phil Jones

(Studio) President Carter's focus on economy in public and private appearances reported.
REPORTER: Roger Mudd

(DC) Recent elecs. noted as giving Democrats little to cheer about. Carter's remarks about planned budget cuts to be presented to next Congress reported [CARTER - says inflation is top issue in country Hopes to avoid vetoes in 1979.] Alfred Kahn's prediction of depression if Carter program fails recalled. Carter's comments on this possibility, during mtg. with reporters, given.
REPORTER: Bob Schieffer

(Studio) Federal Reserve report on level of operation in United States factories for October (Video difficulty.)
REPORTER: Roger Mudd

Reporter(s):
Jones, Phil;
Mudd, Roger;
Schieffer, Bob
Duration:
00:03:20

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