CBS Evening News for Saturday, Oct 09, 1982
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(Studio) Federal Reserve Bd. chairperson Paul Volcker reported defing. board's money policy; details given.
REPORTER: Bob Schieffer
(Hot Springs, Virginia) Volcker's claim that Americans reap rewards of lower inflation outlined on screen. [VOLCKER - comments on declining interest rates and recession.] [David ROCKEFELLER - cautions against Federal Reserve Bd.'s illusion of omnipotence.] Issue of "M-1" method of assessing nation's money supply discussed. [Mortgage Bankers Association president James AYLWARD - comments on home-buying activity.] [Economist Dr. Mark RIEDY - notes psychological boost of stock market to consumer.]
REPORTER: Jacqueline Adams
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