"The nation's unemployment rate fell a tenth of one percent in March to 5.6 percent. That's the lowest it's been since May of 1979. But this low unemployment rate is not entirely good news. Fewer people are looking for work."
-- Connie Chung on the April 1 NBC Nightly News.
"Unemployment in America in April was the lowest it's been in fourteen years, 5.4 percent. That, coupled with other encouraging signs in the economy, is obviously good news but, you guessed it, it may mean bad news in the form of higher inflation."
-- Tom Brokaw opening the NBC Nightly News, May 6.
"Inflation rate dips slightly in May"
-- Washington Times, June 22
"Consumer Prices Up Slightly During May"
-- Washington Post, same day
"Greenspan Sees Stable Rates"
-- New York Times, July 14
"Greenspan Signals Higher Interest Rates"
-- Wall Street Journal, same day
"Greenspan Warns of Inflation"
-- Washington Post, same day
"Greenspan expects growth, low inflation"
-- Baltimore Sun, same day
-- Reprinted from The New Republic |
