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Simon warns against rose colored view of economy
Treasury Secretary William E. Simon told a Los Angeles audience that the nation is not headed for a depression though weak spots exist. He urged realism, cautioned against doom saying, and backed gradual inflation reduction and a balanced federal budget by 1978 while noting inflation’s serious imbalances. He also discussed oil policy and conservation.
MENTIONED IN THIS ARTICLE
Associated Press
Treasury
William E. Simon
Simon
Electronic Industries Association
Los Angeles
Ford
United States
Luis Echeverria
Mexico
U.S