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(Studio) Impact on stock market of investors' concerns over high interest rates and credit tightening noted. STK. MKT. REPORT; Dow Jones activity since February 13 outlined on screen. Federal Reserve Bd chairperson Paul Volcker's appearance before House Banking Committee today with regard to budget cuts noted.
REPORTER: John Chancellor
(DC) Impact of rising interest rates on hsing. industry and farmers cited [Senators James SASSER - comments on plight of Tennessee farmers.] [Senator Lawton CHILES - notes construction industry situation.] [VOLCKER - responds.] Economy said growing rather than entering recession.
REPORTER: Irving R. Levine
- Chancellor, John;
- Levine, Irving R.
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