Word: insistsâ
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...head of the Council of Economic Advisers, calls the chance of either a recession or a continued boom "a long shot." By his handicapping, the Government stands a 50% chance of bringing the inflation rate down to about 4% without causing a politically unacceptable rise in unemployment. Still, Okun insists???as do the other members of TIME's Board of Economists?that it is high time the Federal Reserve eased its monetary brakes...
...together ever since, call each other "Franklin" and "Louis," share the Governor's town house on East 65th Street. Lacking personal ambition, Secretary Howe keeps himself far in the background, vigorously denies that he is the "power-behind-the-Roosevelt-throne." "I just get things done for him," he insists???answer-ing letters, reading speeches, seeing people. But smart politicians know that Louis Howe has "yes or no" authority from the Governor. They always seek him out, fill him full of their desires and schemes. Well out of the spotlight, he will be on hand at Chicago, reporting every convention...
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