Beryl W Sprinkel

President Reagan's economic adviser, Beryl W. Sprinkel, said Wednesday that the recent rise in inflation is only temporary and does not threaten the gains that the economy has made since 1981. Sprinkel, chairman of Reagan's Council of Economic Advisers, blamed the recent inflation rise on temporarily higher food prices after the drought and higher priced imported goods caused by the weaker dollar.

Beryl W. Sprinkel Economic advisor to Reagan Beryl W. Sprinkel, 85, who served as chairman of the Council of Economic Advisers during the Reagan administration and who helped guide the administration's response to the October 1987 stock market crash, died Aug. 22 at a nursing home in Beecher, Ill. He had Lambert-Eaton myasthenic syndrome, a rare neuromuscular disease. Sprinkel, protege of conservative economics guru Milton Friedman, taught economics at the University of Chicago and was executive vice president and economic advisor at the Harris Trust and Savings Bank in Chicago for nearly 30 years.

Beryl W. Sprinkel, President Reagan's chief economic adviser, Thursday predicted continued economic growth in the United States and said the financial markets were wrong to be so afraid of inflation. "Sustained economic growth with low inflation lies ahead. Expansions don't die of old age but of inappropriate economic policies," Sprinkel told the U.S. Chamber of Commerce. The current expansion, now in its 67th month, is the longest in peacetime.

In a parting shot at Congress, President Reagan's chief economic adviser blamed lawmakers Tuesday for worsening the savings and loan industry crisis and recommended that the federal deposit insurance system, which protects depositors against losses of as much as $100,000, "should be significantly curtailed." "We've got a mess" in the thrift industry, Beryl W. Sprinkel, the usually upbeat chairman of Reagan's Council of Economic Advisers, acknowledged.

The White House, officially acknowledging reports of a downward revision in its economic forecast, Monday projected a growth rate of 3% for 1985 instead of the 3.9% forecast that it had issued as recently as April. Because economic growth during the first half of the year was an anemic 1%, the forecast depends on achieving an annual growth rate of 5% for the second half of the year, a much stronger rebound than many economists think is possible. Still, Beryl W.

The White House is expected to announce today that Beryl W. Sprinkel, the president's top economic adviser, will remain as chairman of the Council of Economic Advisers through next year, Administration sources said Wednesday. "He has been asked and is trying to accommodate the request," said Margot Machol, Sprinkel's chief aide. She said she believed that he would remain in the position because "when the president puts pressure on you, it's hard to say no."

The Reagan Administration, with its chief economist mocking critics of his earlier forecast of robust economic growth, predicted Thursday that the economy will grow a healthy 3% in 1988 instead of the modest 2.4% growth expected at the beginning of the year. "Our rosy forecast wasn't rosy enough," said Beryl W. Sprinkel, chairman of President Reagan's Council of Economic Advisers.

Beryl W. Sprinkel resigned Friday as chairman of the Council of Economic Advisers, a post that many economists believe has lost much of its former clout. The 63-year-old Sprinkel, an orthodox monetarist and former Treasury official, cited "personal reasons" for his departure as President Reagan's in-house economic adviser and said he intends to return to the private sector to consult, write and lecture.

In a parting shot at Congress, President Reagan's chief economic adviser blamed lawmakers Tuesday for worsening the savings and loan industry crisis and recommended that the federal deposit insurance system, which protects depositors against losses of as much as $100,000, "should be significantly curtailed." "We've got a mess" in the thrift industry, Beryl W. Sprinkel, the usually upbeat chairman of Reagan's Council of Economic Advisers, acknowledged.

The Federal Reserve slightly eased its grip on credit a few weeks ago, Fed Chairman Alan S. Greenspan acknowledged Tuesday, but the central bank is unlikely to let interest rates drop much further unless economic growth falls short of the Fed's relatively modest expectations. Greenspan, testifying before Congress on the conduct of monetary policy for the first time since he took over as Fed chairman from Paul A. Volcker last August, said he does not expect a recession during this election year.

President Reagan's economic adviser, Beryl W. Sprinkel, said Wednesday that the recent rise in inflation is only temporary and does not threaten the gains that the economy has made since 1981. Sprinkel, chairman of Reagan's Council of Economic Advisers, blamed the recent inflation rise on temporarily higher food prices after the drought and higher priced imported goods caused by the weaker dollar.

The Reagan Administration, with its chief economist mocking critics of his earlier forecast of robust economic growth, predicted Thursday that the economy will grow a healthy 3% in 1988 instead of the modest 2.4% growth expected at the beginning of the year. "Our rosy forecast wasn't rosy enough," said Beryl W. Sprinkel, chairman of President Reagan's Council of Economic Advisers.

Beryl W. Sprinkel, President Reagan's chief economic adviser, Thursday predicted continued economic growth in the United States and said the financial markets were wrong to be so afraid of inflation. "Sustained economic growth with low inflation lies ahead. Expansions don't die of old age but of inappropriate economic policies," Sprinkel told the U.S. Chamber of Commerce. The current expansion, now in its 67th month, is the longest in peacetime.

The Federal Reserve slightly eased its grip on credit a few weeks ago, Fed Chairman Alan S. Greenspan acknowledged Tuesday, but the central bank is unlikely to let interest rates drop much further unless economic growth falls short of the Fed's relatively modest expectations. Greenspan, testifying before Congress on the conduct of monetary policy for the first time since he took over as Fed chairman from Paul A. Volcker last August, said he does not expect a recession during this election year.

The White House is expected to announce today that Beryl W. Sprinkel, the president's top economic adviser, will remain as chairman of the Council of Economic Advisers through next year, Administration sources said Wednesday. "He has been asked and is trying to accommodate the request," said Margot Machol, Sprinkel's chief aide. She said she believed that he would remain in the position because "when the president puts pressure on you, it's hard to say no."

Beryl W. Sprinkel resigned Friday as chairman of the Council of Economic Advisers, a post that many economists believe has lost much of its former clout. The 63-year-old Sprinkel, an orthodox monetarist and former Treasury official, cited "personal reasons" for his departure as President Reagan's in-house economic adviser and said he intends to return to the private sector to consult, write and lecture.

Beryl W. Sprinkel Economic advisor to Reagan Beryl W. Sprinkel, 85, who served as chairman of the Council of Economic Advisers during the Reagan administration and who helped guide the administration's response to the October 1987 stock market crash, died Aug. 22 at a nursing home in Beecher, Ill. He had Lambert-Eaton myasthenic syndrome, a rare neuromuscular disease. Sprinkel, protege of conservative economics guru Milton Friedman, taught economics at the University of Chicago and was executive vice president and economic advisor at the Harris Trust and Savings Bank in Chicago for nearly 30 years.

William A. Niskanen Jr. Friday announced his resignation from the President's Council of Economic Advisers, effective March 31. Niskanen had said that he would resign if not named chairman of the council. President Reagan named Treasury Undersecretary Beryl W. Sprinkel to the post last week.

The White House, officially acknowledging reports of a downward revision in its economic forecast, Monday projected a growth rate of 3% for 1985 instead of the 3.9% forecast that it had issued as recently as April. Because economic growth during the first half of the year was an anemic 1%, the forecast depends on achieving an annual growth rate of 5% for the second half of the year, a much stronger rebound than many economists think is possible. Still, Beryl W.