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Falling interest rates could aid Reagan era recovery
Amid recession signs and 8 percent October unemployment, the Reagan administration views falling interest rates as a bright spot. Treasury Secretary Regan cites rapid declines in short term rates and bond yields, while economists forecast a recession through spring followed by a summer recovery aided by tax cuts and defense spending.
MENTIONED IN THIS ARTICLE
Washington
Reagan
Treasury
Donald T. Regan
Labor Department
Ris
Federal Reserve Board