Word: greenspan
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Dates: during 1970-1979
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...According to the CEA, the slowing will be to a 5.7% growth rate in 1977, and that will permit a small further reduction in unemployment, to 6.9% next year. Actually, TIME has learned, all of the officials on whom Ford leans most heavily for economic counsel-CEA Chairman Alan Greenspan, Treasury Secretary William Simon, Federal Reserve Chairman Arthur Burns-believe that the recovery will be more vigorous in both 1976 and 1977 than the report predicts. But to be safe, the CEA stuck with the numbers coming out of its computers...
Before turning to football on New Year's Day, Ford assumed his more presidential stance by getting in planning sessions with his top advisers, including Alan Greenspan, William Seidman, Paul O'Neill, James T. Lynn and James Cannon. He worked alone on his State of the Union address. He also signed 14 bills and cast his 43rd veto on legislation that would have made the Secretary of the Treasury part of the National Security Council...
...which is living off the seed corn of the future, that is, government confiscating for political purposes more than is consistent with the continued production of wealth. He has retained as his two closest advisers on the most important issue, which is the economy, two men of proper vision--Greenspan and Simon. He has tried, within the limits imposed by his very limited rhetorical gifts, to dramatize the issue. And he has proposed a program, which although faultable, is a program nonetheless--the ceiling on spending...
...expected for the coming year. The pastel predictions come from Government officials and businessmen, university, bank and corporate economists. They agree with all eight members of TIME's Board of Economists, who gathered in Manhattan last week for a day-long examination of the outlook for 1976 (Alan Greenspan, who is on leave from the board while he serves as chairman of the Council of Economic Advisers, attended the meeting as an observer...
...sustained double-digit inflation. That likelihood is not easy to gauge. The October leap in wholesale prices seems to have been partly a statistical fluke, caused by difficulty in calculating seasonal adjustments. M. Kathryn Eickhoff, vice president and treasurer of the New York economic consulting firm of Townsend-Greenspan, suggests that the real annual rate of increase may be only about half the 23.9% reported. Still, the October jump was disquieting: it involved not only metals and cars but also farm products, lumber, textiles, clothing, furniture and household durables, all of which climbed substantially in price. For 1976, the Administration...