Word: eickhoff
(lookup in dictionary)
(lookup stats)
Dates: during 1980-1989
Sort By: most recent first
(reverse)
Another threat is a shortage of labor, which could push wages higher. In October the unemployment rate fell to 5.9%, the lowest level this decade. Notes Kathryn Eickhoff, former staff economist of the Office of Management and Budget and now a private consultant: "We are approaching a full-employment economy for both labor and capacity in industry. This is the type of combination that usually leads to price increases...
Nonetheless, it will probably be early next year before business again picks up even moderately. Says New York Business Consultant Kathryn Eickhoff: "The economy has moved from a state of disaster to just terrible." Warns Otto Eckstein, president of Data Resources: "It would be the extreme of irresponsibility and the worst economic policy since the 1930s Depression to let taxes increase at the rate planned." And alongside the conservative tax cutters stood Liberal Walter W. Heller, President Kennedy's chief economic adviser, who called for a reduction of $30 billion. Said he of the fears of renewed inflation: "That...