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Special Assignment (Credit Crisis) #63563

ABC Evening News for Tuesday, Dec 16, 1980
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(Studio) Report introduced
REPORTER: Max Robinson

(NYC) [CONSUMER, FARMER and home BUILDER - note effect of interest rate increases on lives.] Econ impact of interest rates' unpredictability on all areas of US life examined in detail; role of prime rate in situation outlined, discussed. Prime rate activity since 1930 graphed on screen. [Economist Alan GREENSPAN - comments.] Effect of Federal Reserve Edward's inflation-fighting program on interest rates noted; chairperson Paul Volcker's econ. philosophy reported.
REPORTER: Dan Cordtz

Reporter(s):
Cordtz, Dan;
Robinson, Max
Duration:
00:03:50

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