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Economy #56977

ABC Evening News for Monday, Oct 08, 1979
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(Studio) International reaction to steps announced by Federal Reserve Bd. over wkend, said reflected in incrd. dollar value and decrease price of gold; details given.
REPORTER: Frank Reynolds

(NYC) Open Money Committee of Federal Reserve Bd. examined; past year's monetary activity recalled. Bd.'s increase this wkend. said aimed at curbing money supply; details given. Impact on business loans especially outlined; hope that such action will slow inflation considered. [BANKERS - comment on action.] Likelihood of incrd. unemployment as result noted.
REPORTER: Dan Cordtz

(Studio) Treasury Secretary G. William Miller quoted with regard to inflation-fighting programs.
REPORTER: Frank Reynolds

Reporter(s):
Cordtz, Dan;
Reynolds, Frank
Duration:
00:02:40

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