NBC Evening News for Wednesday, Sep 04, 1974
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(Studio) Senator Mike Mansfield wants wage and price controls and says President Ford shouldn't delay economy action until summit conference Econ. meeting set for Thursday at White House Press Secretary Jerry terHorst says Ford won't ask Congress for any major anti-inflation plans because its too late in legislature session. Report on view of chief economy adviser, Alan Greenspan.
REPORTER: John Chancellor
(DC) Greenspan sworn in as chairperson Council of Econ. Advisers. To preside at Thursday' meeting [GREENSPAN - says action for action's sake not of value.] Greenspan against "jawboning": President trying to lower prices by talking to industry Says that could lead to wage and price controls.
REPORTER: Tom Brokaw