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Economy / Ford / Meeting #479182

NBC Evening News for Thursday, Sep 05, 1974
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(Studio) 28 econs., President Ford, and government representatives talk about economy
REPORTER: John Chancellor

(DC) [FORD - urges group get together and form plan.] President left to do other work. [Otto ECKSTEIN - says believes economy headed for middling recession.] [Harris Trust and Savings Bank Beryl SPRINKEL - says not in recession.] [Chairperson Council of Econ. Advisers Alan GREENSPAN - asks ex-Treasury Secretary George Shultz if things look different from his side.] [SHULTZ - says economy in terrible shape. Wishes group would do something about it.] Econs. agree public pessimism must be dispelled. [Bank American Walter HOADLEY - calls lack of confidence very important Summit should restore confidence.] General views: time for Federal Reserve to bring down interest rates to give more money for business expansion. Govt. must provide more jobs. International conference on inflation should be held. Govt. spending `oust be cut.
REPORTER: Irving R. Levine

Chancellor, John;
Levine, Irving R.

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