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Economy #268857

CBS Evening News for Friday, Feb 15, 1980
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(Studio) Fall in stock market and increase in Federal Reserve Bd.'s discount rate and implications of latter reported in reaction to government report of wholesale price incr. for January Chairperson of president's council of economy advisers quoted.
REPORTER: Walter Cronkite

(NYC) Wholesale price index activity since December 1979 graphed on screen; implications examined. Incrs. in home heating oil, gasoline, domestic crude oil, autos, clothing, cosmetics, jewelry listed on screen. [Economist Alan GREENSPAN - comments.] Decr. in food prices noted; Fed. Reserve Bd.'s increase in discount rate detailed. Response on Wall Street cited.

(Studio) Federal Reserve Bd.'s report of increase in industry product for January and indications of increase noted.
REPORTER: Walter Cronkite

Brady, Ray;
Cronkite, Walter

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