From @lex-luthor.ai.mit.edu:jcma@REAGAN.AI.MIT.EDU  Thu Jun 10 20:23:14 1993
Date: Thu, 10 Jun 1993 16:53-0400
From: The White House <75300.3115@compuserve.com>
To: Clinton-News-Distribution@campaign92.org
Subject: Myers' Statement on Greenspan Meeting  6.10.93

                         The White House

                  Office of the Press Secretary

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For Immediate Release                             June 8, 1993

                Statement by the Press Secretary

      In the briefing today, I did not mean to imply that in his 
meeting with the President last night, the chairman of the 
Federal Reserve Board in any way endorsed the President's 
economic package now before Congress. 

      The chairman told the president that in his view, it is 
essential that the deficit be brought down. Chairman Greenspan 
also said the president's economic initiative had set into motion 
a process that he feels reasonably assured will in the end lead 
to significant deficit reductions. He went on to say that passage 
by the Congress of any credible deficit-reduction plan would help 
to keep long-term interest rates low. It is the chairman's belief 
that the process underway has been a significant factor in 
bringing long-term interest rates down in recent months. 

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