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Crisis In Ford's Future Unemployment And Inflation
Washington previews a grim 1975 with Ford’s inflation fight as first priority. Analysts warn unemployment could hit 6–7 percent next winter while Fed, Greenspan, Burns and Simon push tight money and spending cuts. Oil shocks, drought and price hikes worsen an already stagnant economy. Ford administration signals belt tightening and possible social compact with unions to avert a full recession.
MENTIONED IN THIS ARTICLE
Ford
Washington
SENS
America
United States
Gerald Ford
Nixon
Walter Heller
Council of Economic Advisers
Kennedy
Congressional
Alan Greenspan
New York
Greenspan
William Simon
George Shultz
the Treasury
Arthur Burns
Federal Reserve
Burns
Kenneth Bush
White House
Rush
William Seidman
Mid- West