Fed will hold to modest expansion despite calls for more
Chairman Arthur F. Burns told the House Banking Committee the Fed will keep its 5 to 7.5 percent money-supply growth target, arguing inflation remains intolerable and a quicker expansion could worsen long-term economic problems. He stressed balancing inflation restraint with unemployment relief as recovery begins.
MENTIONED IN THIS ARTICLE
Mike Feinsilber
Washington
UPI
Arthur F. Burns
Congress
Federal Reserve Board
Burns
Federal Reserve
Fed
House Banking Committee
GOP Debt Deadline Set by Republican Office
Representatives of key Republican officeholders announce a deadline on the national debt. Sources indicate the timing and conditions will shape budget talks and legislative strategy as the party positions itself ahead of looming votes. Margaret Bailey reports from Boise via UPI.
MENTIONED IN THIS ARTICLE
Margaret Bailey Boise
UPI
GOP
Robert Linville
Linville
Democratic Party
Idaho Party
Symms Addressed Captive Nations Week in Taipei Rally
Idaho Congressman Steve Symms urged victory over communism in a 3000 strong Captive Nations Week rally in Taipei. He praised Taiwan's freedoms and criticized past U S policy while meeting Taiwanese officials and U S Ambassador Unger. He spoke of readiness to defend freedom and warned against appeasement.
MENTIONED IN THIS ARTICLE
Taipei
Taiwan
Captive Nations
Idaho
Steve Symms
America
Symms
World Anti- Communist League
The
WACL
Barry Goldwater
R-Az
Jesse Helms
R-N.c
Rep
Jack Kemp
R-N.y
House
Robert Michel
R-Ill
U.S
Leonard Unger
Michel
Free World
Republic of China
China
Shanghai
Nanking
Canton
Peking
Mao
Chou En Lai
Also Mentioned on This Page
Henley
Art Scholl
Dave Cooke
Sandpoint
Cooke
Scholl
Riverside
Bes
Idaho Gop
City of
Cocolalla
White Woods
Hwy. 95
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