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Carter backs free market view amid rising prices and jobless data
Industry leaders welcomed Carter’s stance against wage price controls while unemployment rose to 8.1 percent in November and wholesale prices increased 0.6 percent. Carter said stimulus may be needed after the new year and reiterated no plans for controls except in a national emergency. He pressed steel leaders over a 6 percent price hike and warned against indirect pressure to influence industry pricing.
MENTIONED IN THIS ARTICLE
Jimmy Carter
Carter
Richard Lesher
National Chamber of Commerce
Lesher