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Sprinkel foresees higher rates but consumer strength to drive recovery
Reagan adviser Beryl Sprinkel says inflation and interest rates may rise modestly in coming months while consumer spending sustains the three year old recovery. He forecasts a solid Christmas season, notes debt remains manageable, and expects no recession on the horizon into 1986. He cites the weak dollar and import prices for a short term inflation rise but stresses money supply stability as key.
MENTIONED IN THIS ARTICLE
Sprinkel
Washington
Reagan
Beryl W. Sprinkel
Council of Economic Advisers
Associated Press
Federal Reserve
White House
Chicago
Fed
Martin Feldstein
United States
Sprinker
U.S