Word: economists
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Dates: during 1970-1979
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...comprehensive program. Congressional Liaison Frank Moore urged that the program be started well ahead of the elections so that the voters would have an opportunity to understand the plan's complex provisions before they go to the polls. "No one will make a decision," complained one White House economist. Jordan sided with Moore. He instructed Jerry Rafshoon to arrange a TV special for the announcement of the new program. There had been talk of Carter giving another informal fireside chat about economic problems, but White House aides thought that would be inappropriate; they wanted Carter to appear as businesslike...
...three SAM II missiles transform the Eiffel Tower into a hulk of twisted steel. Responsibility is claimed by a terrorist group that calls itself Society Against the State. To restore his government's credibility, the President tries a dramatic gesture: he appoints Michel Rocard, a charismatic economist who is currently challenging Francois Mitterrand for leadership of the Socialist Party, as Premier. Rocard, however, exacts a price. During a secret meeting with Giscard, he warns: "I am not one of those leftists who, once in power, adopt the policies of the right...
...would be in charge of much greater Government intervention in the private economy. But Kahn has built a towering reputation in Washington as a bureaucrat who gets things done. A vastly energetic but informal official who often pads about his office in stocking feet, Kahn is a trained economist who believes that the greatest challenge to his profession "is deciding not what the ultimate, economically rational equilibrium should look like, but what is economically rational in an irrational world and how best to get from here to there." At week's end he had not decided whether to take...
Investors' overriding worry, however, is not the dollar but interest rates. Last week the Federal Reserve Board acted to push the "Fed funds" rate at which banks lend to one another to nearly 9%, a level that Economist Okun believes-almost guarantees recession by making borrowing more expensive. Nor is there much hope that the rises in loan charges will stop. The Federal Reserve has been jacking up interest rates largely in order to contain an inflationary increase in the U.S. money supply, but so far it has failed. Money supply during the past month has shot...
...these distractions, businessmen find tune for many formal talks and weighty pronouncements. At various closed-door working sessions this time, members debated policy with Federal Reserve Chairman William Miller, Budget Director James Mclntyre, Commerce Secretary Juanita Kreps, Presidential Trade-and-Inflation Aide Robert Strauss, CIA Chief Stansfield Turner and Economist Alan Greenspan...