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Reagan aide warns economy may already be in recession
Murray Weidenbaum, chair of the president's Council of Economic Advisers, said there is some possibility the United States is already in a recession and warned that rates will stay painfully high. He projected unemployment near 8 percent by year end and inflation under 9 percent for the rest of 1981, with a major expansion possible in 1982.
MENTIONED IN THIS ARTICLE
Washington
U.S
Reagan
Murray L. Weidenbaum
Council of Economic Advisers
Sion
Weidenbaum
CBS
Capitol Cloakroom