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Enforcement Flexible for Wage-Price Rules
Washington AP reports Nixon's voluntary wage price standards will be flexibly enforced with strict focus on large firms and key industries. The Cost of Living Council will decide when to use standby authority to order rollbacks and will audit large price hikes, aiming to deter inflation while maintaining discretion.
MENTIONED IN THIS ARTICLE
Xwashington
Nixon
Cost of Living Council
Treasury
George P. Shultz
Council