Word: ackley
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...Johnson Administration has so far maintained a hands-off policy. As long as the strike is confined to just one automaker, said Gardner Ackley, chairman of the Council of Economic Advisers, it might "somewhat dampen" the nation's economic activity, but "its main effect will be to postpone production sales and incomes into later months...
...long been citing the danger of a renewal of last year's price spiral as an argument for its tax bill, and now is using the figures to lend an unusual urgency to the pitch. In a generally rosy report on the economy last week, Presidential Adviser Gardner Ackley was moved to emphasize "unwelcome but convincing indications of inflationary pressures ahead...
Marching before the Ways and Means Committee with a squadron of aides and a stupefaction of statistics were the President's fiscal troika: Henry Fowler, Budget Director Charles L. Schultze and Council of Economic Advisers Chairman Gardner Ackley. At the outset, Ways and Means Chairman Wilbur Mills, whose opposition spells finis for any tax package on the Hill, noted ominously: "I regret exceedingly the circumstances that bring you here...
...nation's sluggish economic activity from January to June this year has led critics to fear the recessive potential of a tax hike. But Gardiner Ackley, chairman of the Council of Economic Advisers, has said recently that there was "no longer a significant risk" of recession to block a tax hike. Rather, he added, an income tax increase has become essential to hold down prices and interest rates...
Dark Spots. Behind the words of both Ackley and Martin lay the fact that the U.S. economy is pulling out of the winter downturn which is being called, in current vogue, the "mini-recession." Though the economy, as Martin noted, "is beginning to show signs of moving ahead again," many dark spots remain. Despite massive stimulation to business through an easing of credit and a sharp rise in federal spending, industrial production has slipped four months out of the past five on the Federal Reserve Board index; in May, it fell 2% below its December peak. The nation...