January 30, 1981
While no one set of economic reports is conclusive, this battery of bad economic news from last year's "inheritance" underscores the need to turn this economy around. We must deal simultaneously with inflation and a sluggish economy, and my comprehensive package is designed to do just that.
Ronald Reagan, Statement on the Release of the Government's Index of Leading Economic Indicators Online by Gerhard Peters and John T. Woolley, The American Presidency Project https://www.presidency.ucsb.edu/node/246906