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(Studio: Tom Brokaw) Reports introduced.
(New York: Mike Jensen) Economic implications of half point cut in discount rate by the Federal Reserve Board featured. [MAN - comments on auto prices.] Retail sales figures and consumer price index for the month outlined on screen; unemployment rates mentioned. [MAN - says prices have gone down.] Goals of the Federal Reserve outlined on screen.
(White House: John Cochran) Political implications of lowered interest rate featured. Results of President Bush's physical exam reported. [Shown holding baby, BUSH - talks about interest rates.] Federal Reserve chairman Alan Greenspan's fears about inflation mentioned. [Bush economic adviser Michael BOSKIN, White House Chief of Staff John SUNUNU - comment.] [Republican consultant John SEARS - comments on timing of recession recovery and '92 election.] [Republican strategist Kevin PHILLIPS - talks about political importance of economy to Bush.]
- Brokaw, Tom;
- Cochran, John;
- Jensen, Mike
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