The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.
THE C H AIRM AN OF THE COUNCIL. OF E C O N O M I C A D V I S E R S WASHINGTON jtatri?, t * 4 MEMORANDUM FOB. THE PRESIDENT Subject: Meeting with Bill Maitln T t^trd tjr 1. Yesterday the CSA Members had mm « f their periodic luncheon meetings with Chairman Martin. 2. He report* great calm la the eaeavf markets tad saya that Fed eral Reserve policy is *strictly cta k f fu s" — in other words, so signs of tightening. 3. A M rh >i fu -V He again stated — candidly and admirably — &at ha waa just plain wrong about how the tax col would qpUMp fibre % aot to aaf over heat* tibe economy. He feels that developments have been just right — a good strong advanea wlthoot esseaadlng aassibl* economic speed limit** 4. t i was particularly pleased with tbs «c e a ti quarter GNP develop ments — is the sense that both inventory and consamer spending policies were moderate. S. fib cited several times tha good caoversaftlea ha had fesd with you i not so long ago. He was most geaeroua ta atfsriag to cooperate with CSA - » he always has beeo« lot was particularly warm and IjE tsisteu ^ about t£ o * n x octisytou $, In doe coarse, Xthink we « M U pa3I t e Oaaritisd together (Dillon, Martin* Gordon and H eller) lo r a domestic and international financial review with the Fresfejeat. TfcU la a good idea aubatantively, and would also make a good a m m ttaaa* Walter W. Heller v C O P Y L fiJ UBRARY