Thursday, July 12, 1962
In an effort portray his administration as friendly to the business community, JFK hosted seventeen bankers and corporate executives at a White House luncheon.
Kennedy was fighting off the lingering ill feelings from the battle with steel industry over price increases. He was also aware that the sagging economic numbers might have figured into the dip in his approval rating and he was concerned that it could mushroom into a recession that would affect the 1962 midterms.
[48, p. 242]