Show V Economist Predicts Unemployment of next winter WASHINGTON (AP) — Pres-- ! likely will cause the unemployidert Nixon’s new antiinflation ment rate to move into the policies are likely to produce a range of 55 per cent to 6 per 7 per cent unemp’oyment rate cent by the year’s end Heller who was chairman of by next year economist Walter the Council of Economic AdHeller has told Congress statement Heller’s came Thursday on the eve of the release of new unemployment figures for July The jobless rate held steady at 52 per cent in May and June and has hovered between that point and 5 per cent since Feb- Thomas F o announced Eagleton wrork Senate for pasplans to establish to resolution of a sage a bipartisan Emergency Task Force on the Economy to provide — within 30 days — a national blueprint for dealing with current economic programs “It would be my hope that Congress would unite in support of a nonpartisan effort to carry out such measures as the task force may propose” Eagleton said Heller said “There is no quick fix for inflation in 1974 and perhaps not in 1975 1976 and 1977” D-M- visers under presidents Kennedy and Johnson disagreed e “The religion of sky-hg- h costs and tight money will be relatively budgets in taming inflation short of draconian budget slashes tax boosts and dangerously tight money” Heller said The inflation rate now is about 11 per cent and Heller predicted it will be no lower than 7 per cert or 8 per cent by old-tim- ruary Dr Kenneth Rush the Nixon administration’s chief economic testified Monday coordinator that Nixon's policies of economic restraint and budget cuts Sen Meanwhile am eys — Ogden 7 and should not tolerate And he said that if the program of restraint is overly sustained it can undermine some built-i- n defenses against inflation “In the face of this policy of calculated stagnation” he said “But price in- no program of tax gimmicks or creases and catch-u- p w7age in- special incentives will induce creases are translating a lot of the high investment needed to one-shthe boost productivity expand supinflation into a new plies and ease price presprice-wag- e spiral” Heller said sures” Nixon program of Heller proposed creating a the Taking restraints to their logical end price-wag- e monitoring system he said would “condemn us to with a new set of guidelines deep and prolonged unemploy- “backed by the powers of inment and losses of production quiry suspension publicity profits and income — costs that and in outrageous cases even ” a democratic society wall not rollbacks He said the nation can look for some subsiding in the inflation rate as the prices of fuel raw materials and food taper off and as the price boom caused by the ending of coi-troruns out of steam I 5A 1974 2 Friday August r Standard-Examine- SADDLE SALE NEW & USED ls get-ahe- ad ot From up ity coo olfo o 927 Riverdaie Road Across from Bank of Utah Friday HOURS: 9-- 9 ’’oooooooooc Jl ESUPERICOURON! 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