Amending the Employment Act of 1946 to Include Recommendations on Monetary and Credit Policies and Proposed Price, and Wage Increases: Hearings Before a Subcommittee of the Committee on Government Operations, House of Representatives, Eighty-fifth Congress, Second Session, on H. R. 12785, a Bill to Amend the Employment Act of 1946 to Provide for the Inclusion of Recommendations Concerning Monetary Policies in the President's Program, and to Bring to Bear an Informed Public Opinion Upon Proposed Inflationary Prices Increases. July 2 and 22, 1958U.S. Government Printing Office, 1958 - 153 pages |
Common terms and phrases
action administration adversely affect maximum affect maximum employment agencies amend the Employment authority bear an informed believe billion BROWN Chairman DAWSON COLM Committee on Government Congress Congressman Reuss cost Council of Economic credit policies D. C. DEAR demand Economic Advisers economic growth economic policy economic program Economic Report economists effect Employment Act Executive and Legislative FASCELL Federal Reserve Act Federal Reserve Board Federal Reserve System fiscal policy full employment Government Operations including monetary independence industry inflation informed public opinion Joint Economic Committee June 20 KEYSERLING labor Legislative Reorganization Subcommittee letter of June mendations ment monetary and credit nomic objectives opinion upon proposed President's price and wage price rise price stability problem production proposed amendment proposed price purchasing power question recession recom recommendations concerning monetary Representative Reuss request for voluntary responsibility specific statement tion Treasury voluntary restraint wage and price wage increases Washington WILLIAM L
Popular passages
Page 149 - President studies relating to such conditions and trends; (3) to review and appraise the various programs and activities of the Federal Government in the light of the policy...
Page 2 - Act for the purpose of determining the extent to which such programs and activities are contributing to the achievement of such policy, and to make recommendations to the President with respect thereto...
Page 2 - ... (b) The President may transmit from time to time to the Congress reports supplementary to the Economic Report, each of which shall include such supplementary or revised recommendations as he may deem necessary or desirable to achieve the policy declared in section 2.
Page 1 - States and such levels needed to carry out the policy declared in section 2 ; (2) current and foreseeable trends in the levels of employment, production, and purchasing power ; (3) a review of the economic program of the Federal Government and a review of economic conditions affecting employment in the United States or any considerable portion thereof during the preceding year and of their effect upon employment, production, and purchasing power; and (4) a program for carrying out the policy declared...
Page 149 - FOR THE PURPOSE OF DETERMINING WHETHER SUCH DEVELOPMENTS AND TRENDS ARE INTERFERING, OR ARE LIKELY TO INTERFERE, WITH THE ACHIEVEMENT OF SUCH POLICY, AND TO COMPILE AND SUBMIT TO THE PRESIDENT STUDIES RELATING TO SUCH DEVELOPMENTS AND TRENDS...
Page 1 - Economic Report") setting forth (1) the levels of employment, production, and purchasing power obtaining in the United States and such levels needed to carry out the IKilicy declared in section 2; (2) current and foreseeable trends in the levels of employment, production, and purchasing power...
Page 41 - ... to coordinate and utilize all its plans, functions, and resources for the purpose of creating and maintaining, in a manner calculated to foster and promote free competitive enterprise and the general welfare, conditions under which there will be afforded useful employment opportunities, including self-employment, for those able, willing, and seeking to work...
Page 109 - Business managements must recognize that price increases that are unwarranted by costs, or that attempt to recapture investment outlays too quickly, not only lower the buying power of the dollar, but also may be selfdefeating by causing a restriction of markets, lower output, and a narrowing of the return on capital investment. The leadership of labor must recognize that wage increases that go beyond overall productivity gains are inconsistent with stable prices...
Page 6 - This group includes the Chairman of the Federal Reserve Board, the Secretary of the Treasury, the Director of the Bureau of the Budget, and the Chairman of the Council of Economic Advisers.
Page 9 - ... of the dollar, that is, the stability of the purchasing power of the dollar in this country. There must be statesmanlike action, both by business and by labor. Frankly, I believe that boards of directors of business, of business organizations, should take under the most serious consideration any thought of a price rise and should approve it only when they can see that it is absolutely necessary in order to continue to get the kind of money they need for the expansion demanded in this country...