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Nixon Tightens Money Budget and Wage Controls
President Nixon outlines a threefold economic strategy with tight money, a tight budget, and wage price controls aimed at curbing inflation. He expects continued growth with rising employment, while fearing a possible 1974 recession, and pledges energy to ease restrictions by year end. He notes Phase 4 would remove controls gradually to return to a freer economy.
MENTIONED IN THIS ARTICLE
Washington
Nixon
Congress
Federal Reserve Board
Inter
Treasury
George P. Shultz