To the procession of economists, financiers and assorted experts testifying in Washington on the course of the U.S. economy. Commerce Secretary Sinclair Weeks added his bit last week. Secretary Weeks's appraisal: "Spotty." He was worried about inflation's steady spiral, which pushed living costs to an alltime high in June (see NATIONAL AFFAIRS). Yet the economy seemed well able to absorb the high prices—at least for the moment. In 1957's second quarter, the gross national product climbed to an annual rate of $433.5 billion, some 5% more than last year; half the gain was due to inflated prices, but the...

Want the full story?

Subscribe Now


Get TIME the way you want it

  • One Week Digital Pass — $4.99
  • Monthly Pay-As-You-Go DIGITAL ACCESS$2.99
  • One Year ALL ACCESSJust $30!   Best Deal!
    Print Magazine + Digital Edition + Subscriber-only Content on

Learn more about the benefits of being a TIME subscriber

If you are already a subscriber sign up — registration is free!