Word: greenspan
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Dates: during 1970-1979
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Other optimistic predictions came at week's end from Council of Economic Advisers Chairman Alan Greenspan and Budget Boss James Lynn, who presented an Administration updating of the forecasts that President Ford made when he unveiled his budget in February. Once again they conceded that the recession has been worse than they anticipated; for instance, they now expect unemployment to average 8.7% this year, v. an 8.1% average projected earlier (Greenspan said the rate is likely to rise for May and that it will top 9% before it gets better). But they also predicted a stronger recovery after midyear...
...compensation and other programs than he had requested; Democrats are uncertain that they can override the veto. Nonetheless, Congress is sure to raise spending enough to push the actual fiscal 1976 deficit to $70 billion or more. The Administration's opposition to a higher deficit was articulated by Greenspan, who told reporters: "As we go over a $60 billion deficit, we very clearly increase the risk of reigniting inflationary forces...
...According to chief presidential economic adviser Alan Greenspan, what group of people is hurt most by economic recession...
...wares to Washington Post Executive Editor Benjamin Bradlee. The occasion: the second annual Counter Gridiron dinner, held to raise money for a journalists' legal-defense fund and the hackles of Washington's venerable, mostly male Gridiron Club. While Treasury Secretary William Simon and Economic Adviser Alan Greenspan dueled with water guns, dart throwers popped balloons attached to the pictures of Presidential Hopefuls Ronald Reagan, Mo Udall, Scoop Jackson and others. ("That's for people who are doing the primaries," said Candidate Gene McCarthy loftily.) One of the evening's biggest attractions proved to be the door...
...economic and energy policy, President Ford listens more these days to other counselors: Economic Adviser Alan Greenspan, Secretary of State Henry Kissinger and Energy Administrator Frank Zarb. Simon's role can only be further reduced by the arrival in Washington of Harvard Professor John T. Dunlop, who took over last week as Secretary of Labor...