(Original Caption) 7/26/1972-Washington, D.C. Appearing before the Joint Economic Committee, Arthur Burns, chairman of the Federal Reserve Board, said inflation again threatens to run rampant and called on the pay board to crack down on the pay raises permitted U.S. workers. Burns proposed that the pay board abandon its guideline permitting pay increases of 5.5. per cent in favor of a lower guideline.
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May 12th, 2020
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