President Nixon and John B. Connally discussed the need for greater presidential control over conflicting economic statements issued by the Council of Economic Advisors and the State Department. The pair specifically addressed concerns regarding currency controls, international monetary policy, and recent press statements made by Herbert Stein, Marina von N. Whitman, and Nathaniel Samuels. Connally briefed the President on his upcoming speech to the Foreign Policy Council in New York, aiming to align the administration's public position on economic and trade issues.
On March 14, 1972, President Richard M. Nixon and John B. Connally talked on the telephone from 7:10 pm to 7:19 pm. The White House Telephone taping system captured this recording, which is known as Conversation 021-081 of the White House Tapes.
Nixon Library Finding AidConversation No. 21-81
Date: March 14, 1972
Time: 7:10 pm - 7:19 pm
Location: White House Telephone
John B. Connally talked with the President.
Economics
-International monetary affairs
-Herbert Stein’s statement
-Currency controls
-Council of Economic Advisors [CEA]
-Exchange controls in Europe
-Effect on businessmen
-International monetary disequilibrium
-Currency policy
-Marina von N. Whitman statements
-Interest rates
-Industrial prices
-Price controls
-Lumber, metals and hides
-Nathaniel Samuels
-Press conference at State Department
-Arthur F. Burns
-Connally’s forthcoming speech
-Foreign Policy Council in New York
-State Department and the CEA
-Administration policy
-Talk with the President
-Whitman
-Stein
-Samuels
-The President’s view
-Connally’s forthcoming speech
-Connally’s previous conversation with H.R. (“Bob”) Haldeman
-Policy
-Whitman
-Stein
-Samuel’s press conference
-The President’s view
-US control
-Group of Ten
-Connally’s forthcoming speech
-Foreign Policy Council in New York
-Administration position
-Samuels
-Whitman
-The President’s view
-Dow Jones
-Connally’s role
-Statements
-Stein
-The President’s view
-Burns
-CEA
-State Department
-Control by the President
-Connally’s schedule
-New York
-Business leaders meeting
-Walter N. Thayer
-Forthcoming meeting
-Speech
-Foreign Relations Council
-The President’s view
-CEA
-Samuels’ press conference
-Connally’s talk with William P. Rogers
-Rogers’ awareness
-Connally’s forthcoming speech
-Story
-Ronald L. Ziegler’s press statementNo transcript is available for this conversation. The audio may not contain audible speech, or the recording may not yet have been processed.