President Carter's sharp turn toward fiscal conservatism in his first months in office has distressed and divided his liberal supporters, while generally cheering up conservatives—but so far at least it has not changed the outlook for a continued strong economic expansion. Those are the dominant impressions of TIME'S Board of Economists, who gathered last week in Manhattan for an all-day discussion of trends and forecasts. The meeting was the board's first chance to size up the new President's performance in shaping economic policy, and during his hectic four months in office...
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