560–6

Conversation No. 560-6

Date: August 10, 1971
Time: 6:01 pm - 6:14 pm
Location: Oval Office

The President met with George P. Shultz.

National economy
-Indicators
-Retail sales
-Council of Economic Advisors [CEA]
-Evaluation
-Unknown person’s view
-Automobiles
-Profits
-First quarter compared to second quarter
-First National City Bank survey
-Ezra Solomon's views
-Herbert Stein
-Psychology
-Businessmen
-Lender class
-Wage and price spirals
-Indicators
-Retail sales
-Gross National Product [GNP]
-Inventories
-GNP
-Retail sales
-Opinion poll
-July
-Compared to June
-Prospects
-Possible expansion
-Arthur F. Burns
-Alan Greenspan's prediction
-Possible wage and price freeze
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NIXON PRESIDENTIAL MATERIALS STAFF

Tape Subject Log
(rev. 10/06)
Conv. No. 560-6 (cont.)


-Solomon
-Stein
-Plan
-Effect
-Inflation
-Import tax
-Burns' conversation with Shultz

International economy
-Gold
-Burns' views
-Possible negotiations
-Exchange rates
-Problem of disclosure
-Possible Administration actions
-Timing of possible action
-Closing gold window
-Closing of gold window
-Wage and price freeze
-Compared to closing gold window

National economy
-Federal pay increase
-Comparability
-Postponement
-Letter to Congressional clerks
-Timing
-Jobs for Veterans program
-Defense Department
-Poll
-Slots
-Number
-Melvin R. Laird
-Directives
-Personnel
-Presidential

The President and Shultz left at 6:14 pm.
 17

NIXON PRESIDENTIAL MATERIALS STAFF

Tape Subject Log
(rev. 10/06)
Conv. No. 560-6 (cont.)