"For this reason, I cannot support an increase in production."
But the president, under pressure from Congress and the computer industry, agreed to support a modest increase six months later.
But had said he could only support "clearly justified" increases.
Walton had also been the only member supporting such an increase in the previous month's meeting.
But he said he would not support an increase in the state income tax.
He also supported an increase in the federal minimum wage.
"We can start by supporting an increase in the minimum wage."
It is not good for us to be in such a situation and we must therefore support an increase, including a natural increase.
Some members reported that they had no trouble adjusting to the first raise and supported a further increase.
But income growth is not strong enough to support increases in spending at the September pace.