MEETING OF CABINET COUNCIL ON ECONOMIC AFFAIRS
Document Type:
Collection:
Document Number (FOIA) /ESDN (CREST):
CIA-RDP85-01156R000100010021-3
Release Decision:
RIPPUB
Original Classification:
K
Document Page Count:
2
Document Creation Date:
December 21, 2016
Document Release Date:
June 20, 2008
Sequence Number:
21
Case Number:
Publication Date:
January 21, 1982
Content Type:
MEMO
File:
Attachment | Size |
---|---|
CIA-RDP85-01156R000100010021-3.pdf | 48.92 KB |
Body:
Approved For Release 2008/06/20: CIA-RDP85-01156R000100010021-3
National Intelligence Council
DDI #510-82
21 January 1982
MEMORANDUM FOR: Director of Central Intelligence
VIA: Chairman, National Intelligence Council
FROM: Maurice C. Ernst
National Intelligence Officer for Economics
SUBJECT: Meeting of Cabinet Council on Economic Affairs
1. On 21 January I attended a meeting of the Cabinet Council on
Economic Affairs at which two topics were discussed: (1) The degree of
support of US international economic policies from our foreign friends; and
(2) The US economic situation.
2. On'the international topic, Beryl Sprinkel of Treasury noted sub-
stantial support in Europe for most US policies concerning the IMF and the
World Bank. He also noted strong criticism of what our foreign friends
perceive as excessively expansionary fiscal policies coupled with ex-
cessively tight and erratic monetary policies, leading to high interest
rates. The Europeans and Japanese, moreover, are less tolerant of sharp
interest rate and exchange rate fluctuations and would prefer more US
government intervention in both markets.
3. On domestic economic issues, Larry Kudlow of OMB gave a trenchant
presentation on what is making the financial markets pessimistic and on the
high risk of an aborted economic recovery if projected budget deficits are
not reduced (see attached briefing outline).
Attachment,
As stated
Approved For Release 2008/06/20: CIA-RDP85-01156R000100010021-3
Approved For Release 2008/06/20: CIA-RDP85-01156R000100010021-3
40 ?
DDI #510-82
21 January 1982
SUBJECT: Meeting of Cabinet Council on Economic Affairs
DCI/NIC/NIO/Econ:MErnst:bha(21 Jan 82)
Distribution:
Orig - Addressee
1 - DDCI
1 - 0/DCI/ExDir
1 - ER
1 - C/NIC
1 - O G I -
1 - DDI R
r
egis
2 - NI0/Econ
Approved For Release 2008/06/20: CIA-RDP85-01156R000100010021-3