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Interest Rates #285055

CBS Evening News for Wednesday, Jul 28, 1982
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(Studio) Decline in interest rates in recent days noted; implications of Federal Reserve Bd. chairperson Paul Volcker's remarks on administration's underestimation of budget deficit cited. Congress Budget Ofc. director Alice Rivlin's testimony yesterday recalled.
REPORTER: Dan Rather

(DC) [VOLCKER - doesn't anticipate record high interest rates; warns about budget deficits.] [Senator Ernest HOLLINGS, Dan QUAYLE - respond.] [VOLCKER - warns against creating atmosphere for high interest rates.]
REPORTER: Phil Jones

(Studio) Report introduced
REPORTER: Dan Rather

(NYC) Fin. community's reaction to Volcker's statements examined. [Mfrs. Hanover spokesperson Irwin KELLNER - thinks situation could worsen.] Projected government spending graphed on screen; last year's money supply situation recalled. [Economist David JONES - notes impact on homeowners.]

Brady, Ray;
Jones, Phil;
Rather, Dan

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