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Feldstein Nominated for CEA Seeks Gradual Growth Path
President Reagan's pick for chairman of the Council of Economic Advisers, Martin Feldstein, tells the Senate he opposes supply side extremists and favors a cautious recovery with inflation under control and unemployment staying uncomfortably high. He forecasts 2.9 to 3.9 percent growth next year, cautions on precision timing, and notes structural causes for joblessness. He succeeds Murray Weidenbaum. Democrats question his finances after his net worth claim exceeds 750000.
MENTIONED IN THIS ARTICLE
Stephen E.nordlinger
Baltimore Sun
Washington
Reagan
White House
Senate
Martin S. Feldstein
Harvard
Council of Economic Advisers
Feldstein
Senate Banking Committee
Murray L. Weidenbaum
Washington University
St. Louis
National Bureau of Economic Research