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Prime Rate / Economy #268196

CBS Evening News for Wednesday, Dec 10, 1980
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(Studio) Rate reported now at 20%. 22% Prime said likely, and new recession said possible, accdg. to analysts.
REPORTER: Walter Cronkite

(DC) Role of Federal Reserve Bd. reported [Econ. Otto ECKSTEIN - predicts further rise.] [Investment Banker Felix ROHATYN - notes likely bankruptcy of Chrysler Corp., and other aspects of potentially bad economy condition of nation] [Econ. Alan GREENSPAN - thinks Ronald Reagan administration will change situation.] [Reagan Advsr. Caspar WEINBERGER - anticipates positive moves by Reagan.] [ROHATYN - is pessimistic.] Speakers at conf. of econs. said calling for more than Reagan has so far proposed.
REPORTER: George Herman

(Studio) Rate rise reported strengthening dollar in Europe. Gold prices reported Rate rise blamed for falling stock market STK. MKT. REPORT given.
REPORTER: Walter Cronkite

Cronkite, Walter;
Herman, George

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