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Letter of Senator Hubert H Humphrey chairman of the Joint Economic
American Life Insurance Association
Carl H Madden chief
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achieve adequate Administration Administration's AFL-CIO American annual rate basic billion cent Chart Commerce Congress consumer continued costs Council decline dollars Economic Advisers economic growth Economic Report effect Employment Act end of calendar energy estimated expansion expenditures Federal Government Federal outlays Federal Reserve Federal Reserve Board federal spending fiscal policy forecast fourth quarter full employment funds goals higher housing impact improvements income increase industries inflationary interest rates investment jobless Joint Economic Committee Kerbec labor force levels loan major ment monetary policy money supply National Urban Coalition nomic percent in 1975 President's priority private sector problems production programs projections proposed quarter of 1975 rate of inflation real growth rate recent recession recovery reduce result Revenue Adjustment Act rise stimulate sumer tax cuts thrift institutions tion trends unem unemployed unemployment rate workers