To Authorize the Extension of the Council on Wage and Price Stability: Hearings Before the Subcommittee on Economic Stabilization of the Committee on Banking, Finance, and Urban Affairs, House of Representatives, Ninety-sixth Congress, Second Session, on H.R. 6777 ... March 19, 26, and May 6, 1980
United States. Congress. House. Committee on Banking, Finance, and Urban Affairs. Subcommittee on Economic Stabilization
U.S. Government Printing Office, 1980 - 475 pages
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action additional administration Advisory agency amended anti-inflation authority average balance believe benefits budget causes Chairman Chairman MOORHEAD changes Committee companies compliance Congress Consumer continue costs Council on Wage course COWPS direct economic effect effort employees energy estimate exception expected fact Federal final fiscal give going guidelines hearings House important increases industry inflation inflationary interest issue KAHN kind labor LIBRARY limitation look major March margin mean measures million monitoring months Office pay standard percent percentage period plans present President President's price controls price increases Price Stability price standards problem productivity profit proposed question reason recent recommendations reduce regulations reports request require restraint result rules sector staff statement subcommittee supply Thank things tion unit voluntary wage and price wage-price
Page 259 - States courts of any Territory or other place subject to the jurisdiction of the United States, to enjoin such acts or practices, and upon a proper showing a permanent or temporary injunction or restraining order shall be granted without bond.
Page 259 - Whenever it appears to any person authorized by the President to exercise authority under this title that any individual or organization has engaged, is engaged, or is about to engage in any acts or practices...
Page 461 - It is absolutely imperative that we should give the business men of this country a banking and currency system by means of which they can make use of the freedom of enterprise and of individual initiative which we are about to bestow upon them.
Page 258 - The President is authorized to issue such orders and regulations as he may deem appropriate to stabilize prices, rents, wages, and salaries at levels not less than those prevailing on May 25, 1970.
Page 465 - And the control of the system of banking and of issue which our new laws are to set up must be public, not private, must be vested in the Government itself, so that the banks may be the instruments, not the masters, of business and of individual enterprise and initiative.
Page 204 - Sources: US Department of Labor, Bureau of Labor Statistics; US Department of Commerce, Bureau of Economic Analysis: and IMF staff estimates.
Page 259 - Injunctions Whenever it appears to any agency of the United States, authorized by the President to exercise the authority contained in this section to enforce orders and regulations issued under this title, that any person has engaged, is engaged, or is about to engage in any acts or practices constituting a violation of any regulation or order under this title, it may in its discretion bring...
Page 358 - Year 1981 exclusively by a reduction in expenditures. Second, there is more stringent restraint in monetary policy, specifically including selective credit controls for the first time. Third, the President will institute a gasoline conservation fee. Fourth, the President will continue his...
Page 465 - We must have a currency, not rigid as now, but readily, elastically responsive to sound credit, the expanding and contracting credits of everyday transactions, the normal ebb and flow of personal and corporate dealings. Our banking laws must mobilize reserves; must not permit the concentration anywhere in a few hands of the monetary resources of the country or their use for speculative purposes...