ABC Evening News for Thursday, Sep 05, 1974
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(Studio) 28 economists meet with President Ford.
REPORTER: Howard K. Smith
(DC) [FORD - says people tired of pols. playing with pocketbook. No quick fix for economy] [Chairperson Council Econ. Advisers Alan GREENSPAN - says if successful in bringing down inflation, gloom will disappear.] [Prof. Otto ECKSTEIN - says economy heading for recession. Could be as bad as 1958.] [AFL-CIO research director Nat GOLDFINGER - says have been in inflationary recession since end 1973.] Consensus is tight money policy should be eased. [Ex.-Treasury Secretary George SHULTZ - calls for easing.] [Prof. Walter HELLER - says can't just fight inflation war without regard for casualties.] [FORD - commends members at meeting] Next meeting September 23.
REPORTER: Steve Bell
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