Fed Leader Again Urges Some Curbs: Optimism Expressed By Greenspan, Burns
Alan Greenspan, PresidentÛª FordÛªs chief economic-adviser, and Federal Reserve Board Chairman At-thur F. Burns yesterday delivered separate but equally optimistic assessments on the pace of economiu recovery.</br></br>And they were .joined hy Sen. Hubert IT. Humphrey (D-Minn.), who confessed al-a Joint Economic Committee hearing that "IÛªm a little more bullish on the economy than most people 1 listen to.Û</br></br>Greenspan delivered a report to President Ford at yesterdayÛªs Cabinet meeting, emphasizing that Û÷Mho fog of uncertainty about the future is dissipating.Û</br></br>Obviously pleased with the progress that is being made, White House officials allowed news correspondents to sit in at the beginning of the session while Greenspan briefed his colleagues.</br></br>Greenspan said the unemployment rate had come down more sharply than anticipated, falling to 7.8 per cent in January from 8.3 per cent in December 1975. He also saw some potential improvement in business plans for investment', considered, by many the key to extension of the upturn.