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(Studio) Deputy press secretary Larry Speakes' reaction to Federal Reserve Bd.'s lowering of discount rate noted.
REPORTER: Roger Mudd
(DC) Bd. chairperson Paul Volcker's appearance before Senator Banking Committee examined; films shown. [Senators Don. RIEGLE, James SASSER, Jake GARN - criticize high interest rates.] [VOLCKER - denies responsibility for high int. rates; declines support for balance budget amendment.] [GARN - calls for congress action rather than rhetoric.] Volcker's economy forecast outlined.
REPORTER: Irving R. Levine
- Levine, Irving R.;
- Mudd, Roger
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