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Economy / Dollar / Anti-Inflation Program #51550

ABC Evening News for Wednesday, Nov 01, 1978
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(Studio) Lack of confidence in President Carter's anti-inflation program noted; report on Carter action today.
REPORTER: Frank Reynolds

(DC) [CARTER - announces plans to halt decline of dollar value.] Measures to be taken listed; balance between fighting inflation and avoiding recession noted. [CARTER - believes action taken will help control inflation.] Unusual action for Democrat president stated.
REPORTER: Sam Donaldson

(Studio) Reports on impact of Carter announcement.
REPORTER: Frank Reynolds

(NYC) Stk. market's greatest one day increase in history reported [Chase Manhattan Bank president David ROCKEFELLER - believes Carter action could halt dollar decline.] [Economist Gary SHILLING - says Carter actions just technical manipulation; believes other nations must be convinced inflation under control in US.]
REPORTER: James Walker

(Studio) United States dollar increases on world money mkts., gold price decline reported; necessity of continued aggressive dollar support measures stated.
REPORTER: Peter Jennings

(Studio) Report effect of Carter action on workers.
REPORTER: Frank Reynolds

(DC) Expected increase in mortgage interest rates, auto loans, slower business expansion, possibility of incrd. unemployment outlined; slower imports price increases mentioned.
REPORTER: Bill Stewart

(Studio) AFL-CIO president George Meany's negative response to Carter announcement reported.
REPORTER: Max Robinson

(Saint Louis, Missouri) Beginning of Carter anti-inflation program push at White House forum on inflation in Saint Louis reported; Carter statement to forum via telephone noted. [CARTER - expresses determination to see program succeed.] [Admin. economy adviser Alfred KAHN - predicts visible results within few mos.] Complaints with regard to negative effect of higher interest rates on inflation noted; uncertainty with regard to Carter dollar support announcement mentioned.
REPORTER: Dan Cordtz

Reporter(s):
Cordtz, Dan;
Donaldson, Sam;
Jennings, Peter;
Reynolds, Frank;
Robinson, Max;
Stewart, Bill;
Walker, James
Duration:
00:09:50

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