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Phase 4 Faces Troubled Beginning Monday
The Nixon administration plans Phase 4 wage and price controls with a troubled start. Grocery prices rose after partial unfunding, beef shortages appeared, and mortgage costs near 9 percent, while authorities warned many firms may raise prices once Phase 4 begins.
MENTIONED IN THIS ARTICLE
Washington
Agriculture Department
Minneapolis
Chicago
Federal Home Loan Bank Board
Cost of Living Council
Kenneth Fedor
Office of Food Price Monitoring
Fedor
Nixon
Council
Lave Council
Shost
Commerce
Frederick B. Dent
John T. Dunlop
Treasury
George P. Shultz
Herbert Stein
President's Council of Economic Advisers
Stein