Word: fowlers
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...raise prices of primary aluminum about 2%, from 241? to 250 per Ib. Two days later, the Texas White House quiet ly posted a notice that White House Special Assistant Joe Califano would meet with three Cabinet secretaries (Defense's Robert McNamara, Treas ury's Henry Fowler, Commerce's John Connor) to consider ways of selling part of the Government's huge aluminum stockpile. Though the notice said nothing about prices, the New York Times, acting on information from the Administration, headlined a story linking the two events. It quoted "Administration sources" as saying that Lyndon...
...below its 1960 peak). That move, flagrantly ignoring Johnson's veiled warning, brought the Administration into the open. At a press conference in Wash ington, called at Johnson's specific command, Economic Adviser Gardner Ackley, Defense's McNamara and Treasury's Fowler declared that the alumi num price rises "have no justification under the wage-price guideposts and therefore are inflationary." Though he denied that the decision had anything to do with aluminum price rises, McNamara announced that the Government will sell 200,000 tons of surplus alumi- num at market prices in 1966, allowed that...
...house this fall will run into a bothersome paradox: while the demand for houses is declining the asking prices are rising. The number of housing starts in 1965 will dip 4% to 6% below last year's disappointing 1,591,000, and Treasury Secretary Henry Fowler calls housing one the U.S. economy's few "sputtering" segments. Yet the home buyer has to pay at least 3% more than a year ago. Throughout the U.S., reports the Census Bureau, the median price for new houses has jumped in the past year from just under $19,000 to about...
...rate (on which all other lending rates are based) because three banks that tried to do so last year were forced to retreat after President Johnson publicly criticized them. Last week Arthur Okun, a member of the Council of Economic Advisers, pointedly warned against such increases. Treasury Secretary Henry Fowler told the A.B.A. meeting in Chicago that steady interest rates are "an important factor in the greatest and best-balanced period of domestic prosperity in our history." He also privately laid down a new Administration guideline: no across-the-board increases, though some boosts will be tolerated...
...recent report by the Commerce Department that U.S. companies plan a $1.3 billion, or 20% increase in direct investments abroad, has led some officials to fear that corporations may be ignoring the guidelines. Treasury Secretary Fowler announced last week that a top-level review is being set up to determine whether additional controls are necessary...