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WITNESSES AND STATEMENTS
Russell R Robert Director Council on Wage and Price Stability
Tuesday March 25 1980
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1-month span 1.3 percent accelerated accelerated depreciation administration AFL-CIO annual rate Apparel and upkeep average balanced budget base period billion Bureau of Labor Chimerine component Congress Congressman Consumer Price Index CPI-U CPI-W decline deficit economy effect energy prices expect expenditures Federal Reserve fiscal drag fiscal policy food and beverages fuels gasoline prices going Government growth home purchase house prices income industry inflation rate inflationary investment Labor Statistics monetary policy months mortgage interest costs mortgage interest rates oil prices OPEC Oswald Percent changes percent in January percent in March percent increase President price increases problems Producer Price Index productivity property insurance rate of inflation recession rent Representative Brown Representative Reuss Representative Wylie Russell seasonally adjusted Senator Bentsen Senator Javits Senator Proxmire spending stabilization sumer tax cut Unadjusted data underlying rate unemployment Urban Consumers wage and price wage-price windfall profits tax