Roleset id: backpedal.01 , to retreat or withdraw, Source: , vncls: , framnet: backpedal.01: BACKPEDAL-V NOTES: Frames file for 'backpedal' based on survey of sentences in the WSJ corpus. (from backpedal.01-v predicate notes)
Arg0-PAG: entity retreating, agent
Arg1-PPT: thing backpedaled on
person: ns,  tense: ns,  aspect: ns,  voice: active,  form: gerund
The chief economist of Merrill Lynch& Co. finds himself in such a position as [he]-1 buzzes the Midwest on his first road trip since *trace*-1 backpedaling on a major prediction .
Arg1: on a major prediction