MONEY: Price and Pride in D.C.?

In his drive to pep up the dawdling U.S. economy, Jimmy Carter will face at least two major challenges: prompting more investment by edgy businessmen and forging a working relationship with Arthur Burns, conservative chairman of the independent Federal Reserve Board, which controls the nation's credit. Last week Carter's prospects for doing both brightened measurably. After an hour-long meeting in Washington with Burns, the President-elect reported that the chairman found his economic goals for 1977 "reasonable." Those goals are a 6% rise in real output, v. 3.8% in this year's third quarter, and a reduction of 1½ points in...

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