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Economy #501869

NBC Evening News for Monday, Oct 08, 1979
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(Studio) Federal Reserve Bd. reported taking anti-inflation action this wkend.
REPORTER: John Chancellor

(DC) Implications of board's action examined. Steps announced by chairperson Paul Volcker outlined on screen; probable increase in unemployment as result cited. [VOLCKER - comments.] Treasury Secretary G. William Miller quoted with regard to board's action; political dangers in board's plan for President Carter examined
REPORTER: Irving R. Levine

(Studio) Impact of Federal Reserve Bd.'s action on stock market, dollar value, gold price reported.
REPORTER: John Chancellor

Reporter(s):
Chancellor, John;
Levine, Irving R.
Duration:
00:02:20

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