Carter Sees Inflation Rate Decreasing
In his second determined show of optimisn in two days. President Carter said yesterday that the nation has ÛÏturned the cornerÛ on inflation and can look forward to a significant decline in the inflation rate this summer.</br></br>The president made this rosy assessment, which would mafic a decided Û¢ change in the generally gloomy economic news of the last several months, during a White House meeting with executives from major accounting firms.</br></br>ÛÏWe believe that we have turned the corner,Û he said. ÛÏWeÛªre making good progress on interest rates coming down and we have sound indications that the inflation rate will also drop significantly during the summer.</br></br>ÛÏThe balanced budget, which will be the first in 12 years, is well under way," Carter continued. ÛÏWe have excellent cooperation from the Federal Reserve on restraining consumer credit and other matters that they have initiated.Û</br></br>The presidentÛªs decidedly upbeat assessment is apparently the message he intends to take to the country, still reeling from the failed attempt to rescue the American hostages in Tehran,