NBC Evening News for Saturday, Nov 22, 1980
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(Studio) Prime rate rise announced.
REPORTER: Jessica Savitch
(DC) [Federal Reserve President Paul VOLCKER - testifies before Congress re: failure of Federal Reserve stategy to stop inflation.] [Evans Economics, Incorporated Michael EVANS - blames Federal Reserve policies for unstable economy.] Effect of current high interest rates on auto. and housing inds. noted. [Citibank Edward PALMER - explains how his bank sets its prime rate.] Speculation that when Ronald Reagan becomes President, Volcker will resign, noted. [VOLCKER - denies rumors.]
REPORTER: Irving R. Levine
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