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Economy / Ford #33190

ABC Evening News for Wednesday, Sep 11, 1974
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(Studio) President Ford announces release of $415 million in federal funds to create 85,000 new public jobs to ease unemployment.
REPORTER: Howard K. Smith

(White House) President met with labor leaders with regard to economy [FORD - appeals for restraint; to be no wage-price controls.] [AFL-CIO President George MEANY - considers guidelines same as controls; unless controls absolute and complete, won't work in US.] [President Service Employees [International] Union George HARDY - says President must do something now; record of Ford's inherited admin. stinks.] Summary of mtgs.; President assured more jobs if unemployment increases; labor leaders still uneasy about guidelines; received no satisfaction that Ford would favor Federal Reserve easing its tight money policy.
REPORTER: Herbert Kaplow

Reporter(s):
Kaplow, Herbert;
Smith, Howard K.
Duration:
00:02:50

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