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Inflation 'critical' juncture urged by Nixon committee
The Cabinet Committee for Price Stability for Economic Growth told President Eisenhower inflation risks require rapid action. It called for three steps: balance the budget, lift interest ceilings on government bonds, and enshrine price stability as a federal policy goal. The report notes potential wage and industry pressures, hints at antimonopoly options, and references steel wage talks.
MENTIONED IN THIS ARTICLE
Sterling F. Green
Washington
Eisenhower
Richard M. Nixon
Congress
W. Allen Wallis
Combshell
Wallis
Graduate Business School
The
University of Chicago
Cabinet Committee For
Nixon
the Treasury
Robert B. Anderson
Arthur E. Summerfield
Ezra Taft Benson
Labor
James P. Mitchell
Raymond J. Saulnier
President’s Council of Economic
Secretary of Commerce
Lewis L. Strauss
Commerce
Senate