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The federal reserve as part of that battle

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Deliberately shut down much of the economy my colleague Jim tankers on the results the worst unemployment crisis in US history Monday April sixth good evening this is the CBS evening news Dan rather reporting the newest government economic figures out today show that the recession has not found its bottom the last time that the United States set a record for new unemployment claims was the fall of nineteen eighty two president Reagan persists in remaining optimistic Ronald Reagan as president the country is engaged in a battle against inflation the rapid increase in prices that has just percent the economy for years and the federal reserve as part of that battle has made the cost of borrowing money really high

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The federal reserve as part of that battle

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