GREENSPAN TELLS GROUP
INFLATION SHOULD EASEFederal Reserve Board Chairman Alan Greenspan Wednesday reportedly said he expects the U.S. economy to recover, but said there was a greater potential for further weakness rather than overly rapid growth.
Mr. Greenspan also told a political forum attended by financial market analysts that he expects inflation to be "ratcheted down" by as much one percentage point, but he gave no time frame, according to participants who heard him speak Wednesday. Reporters were barred from the forum.
GRAIN EXPORTERS TALK
TO MADIGAN ON USSR
WASHINGTON - U.S. grain company representatives were expected to meet with White House officials Wednesday night and Agriculture Secretary Edward Madigan today to press for additional U.S. export credit guarantees for the Soviet Union.
Steve McCoy, North American Export Grain Association president, said officials representing about 20 major U.S. grain companies will also present their views on other industry concerns, such as the continuation of most- favored-nation status for China.