Word: greenspan
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Dates: during 1970-1979
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...Hanover Trust of New York shouldered somberly and authoritatively through these familiar waters. He is Gabriel Hauge, and he bore the message to beware of New York City's default and urged federal help. Hauge was a master of the elbow squeeze, the whispered message-first to Alan Greenspan, chairman of the Council of Economic Advisers, then to Arthur Burns, chairman of the Federal Reserve. It was an intense warning, but applied under the full protocols of the court: ideas contend...
...swelling the federal deficit for fiscal 1976; Congress has projected that a continuation of the tax cut would result in a $68.8 billion deficit. Others feel that the economy needs more stimulus and can handle it without overheating. Treasury Secretary William Simon and Council of Economic Advisers Chairman Alan Greenspan oppose a tax cut: they can be expected to argue with the President in favor of making the tax reduction as small, and spending slashes as large, as possible. On the other side, Secretary of Labor John Dunlop wants a cut large enough to keep withholding rates from going...
...well still be above 8% by year's end, and will decline only to 7.5% or a trifle less by late 1976. These forecasts, which are roughly in line with predictions voiced to a congressional task force last week by President Ford's chief economic adviser, Alan Greenspan, underscore an important point: the recession dragged the U.S. economy so far down that several years of unusually strong growth, not just one, will be needed to return the nation to full prosperity...
Administration economists continue to insist that the inflation rate will subside soon-perhaps to 6% or 7%, which, to be sure, would still be distressingly high. Last week in Vail, Colo., President Ford's chief economic adviser, Alan Greenspan, said of the CPI for August: "We do expect it to be below the double digit rate." The Department of Agriculture called a special press briefing at which officials reassuringly predicted that the retail cost of food will rise no more for the rest of the year than it did in July alone. Their reasoning: most meat and poultry prices...
...policy debates in Washington, likely to start when Congress returns next month, will be over what additional stimulus the economy may need to keep the recovery on course-without kicking up too much more inflation. Congress almost surely will extend $9.4 billion of the 1975 tax cuts; Alan Greenspan, chairman of the Council of Economic Advisers, has indicated that the Administration has an open mind on the issue. There is some sentiment in Congress that additional tax cuts might be needed...