Washington Wire

May 1958
New Republic;5/19/58, Vol. 138 Issue 20, preceding p3
The article focuses on the prevailing economic conditions in the U.S. Arthur F. Burns, former head of the Council of Economic Advisers and leading authority of the U.S. on the business cycle, skillfully guided the nation through the 1953-54 recession with positive measures. The U.S. President Dwight David Eisenhower admired and followed him. But it is fascinating to see how Anderson has gained ascendancy over Eisenhower. Nearly everybody in Washington thinks the recession either is, or is about to bottom out. But a new concept is appearing. The recovery may be almost as bad as the recession.


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