Word: cea
(lookup in dictionary)
(lookup stats)
Dates: during 1960-1969
Sort By: most recent first
(reverse)
...likely to have," says Raymond Saulnier, who was chairman of President Eisenhower's Council of Economic Advisers and is now a Columbia University economics professor. Because the upturn will begin with low (currently 3.6%) unemployment, "it is virtually bound to be inflationary," insists Arthur Burns, another Eisenhower CEA chairman, now chairman of the National Bureau of Economic Research...
...billion. And a similar survey released last week disclosed that the year's increase in capital spending would probably be 3.9% rather than 6% - or enough to knock half a billion dollars off the first-quarter G.N.P. John son was understandably worried. With such economic aides as CEA Chairman Gardner Ackley, Treasury Secretary Henry Fowler and Budget Director Charles Schultze, he had been mulling over for some weeks a restoration of the 7% credit. In two days of meetings that eventually included Defense Secretary McNamara and House Ways & Means Chairman Wilbur Mills, he decided that the time...
Hold the Line. The Administration's reaction, when it came at midweek, did not seem as fast - or as fierce - as in past price-increase attempts. Messages to the major suppliers did not come directly from the White House or the CEA but from Acting Interior Secretary Charles F. Luce, who mentioned "press reports" of the hikes and urged that they be rescinded in view of "the national interest in stable prices." To companies that had not yet followed the increases, including Humble Oil, went requests to "hold the line...
...CEA report forecasts a slowdown in the growth of the gross national product to about $47 billion, or 4% in stable dollars, compared with the too-swift expansion of $58 billion (51%) last year. Anything more than 4%, the council says, would surpass the nation's capacity in both plant and manpower. The trick, of course, is to keep the slowdown from going too far and prices from rising too fast. Last week banks began lowering the prime rate of interest, giving important evidence that the Administration's prediction of easier credit had foundation (see U.S. BUSINESS). Housing...
...less reason for optimism about prices. High wage demands are certain, a tax increase a possibility. Corporate profits are expected to grow, but at the slowest rate since 1961. Johnson appealed to both labor and management to avoid a "disastrous" chain reaction of wage-price rises, while the CEA put most of the onus on business: "The public interest requires that producers absorb cost increases to the maximum extent feasible." At least 700 union contracts are up for negotiation this year; the outcome can only be guessed...