NBC Evening News for Wednesday, Sep 11, 1974
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(Studio) President Ford announces new $415 million public service job program to ease unemployment, creating 85,000 jobs in state and local government Ford meets with labor leaders
REPORTER: John Chancellor
(White House) [FORD - says watching unemployment closely.] Labor leaders criticize current economic policy. [AFL-CIO President George MEANY - says we've been going downhill for 5 1/2 years] [Textile workers president Sol. STETIN - says labor's been kept at arm's length by government] [Service Employees Union president George HARDY - says President the must do something with regard to economy] Labor leaders complain of high interest rates. [American Federation of Teachers Albert SHANKER - says if United States provides interest rates of 6-7% to other cntrys., should provide it in US.] Federal Reserve chairperson Arthur Burns convinced interest rates must remain high to bring inflation under control.
REPORTER: Irving R. Levine
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