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Nixon faces crucial year to curb inflation and unemployment
President Nixon confronts a tough 1971 as economists warn gains depend on faster responses to policy shifts. UCLA projects 1971 unemployment near 5.8 percent with inflation easing slightly. Burns urges direct action and careful monetary policy, signaling potential jawboning and new tactics to stabilize prices while boosting jobs. A Des Moines find adds a separate local note as $17,940 in old bills is recovered from under four houses and held for a year for rightful claimants.
MENTIONED IN THIS ARTICLE
Washington
UPI
Nixon
University of California At
Los Angeles
UCLA
National Association of Manufacturers
Arthur F. Burns
Federal Reserve Board
Burns
White House
Johnson
John
Des Moines
Iowa
UPN