Inflation pledge
(N Z. Press Assn.—Copyright) WASHINGTON, Feb. 1. President Nixon today pledged to the United States Congress to cut inflation sharply, scale down high unemployment, and bring economic prosperity to the United States by mid-1972, the) Associated Press reported.
He said that his Administration would achieve these goals with a great economic leap forward this year and with an attack on inflationary forces in the United States economy without turning to wage-price controls. “I intend to use all the effective and legitimate powers of Government to un- \ leash and strengthen those' forces of the free market that 1 hold prices down,” Mr Nixon I said in his annual economic; message. He promised—with co-j operation from the private sector—to bring “full prosperity without war, full pros-1 perity without inflation.”
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Bibliographic details
Press, Volume CXI, Issue 32521, 3 February 1971, Page 20
Word Count
129Inflation pledge Press, Volume CXI, Issue 32521, 3 February 1971, Page 20
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Acknowledgements
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