The President's economic advisers have been warning him that full-blown inflation is on the way. The warning had been sounded many times, and at last the President was ready to hear it. Paunchy Price Boss Leon Henderson estimated that living costs, up 15% since World War II began, will rise at least 23% more this year unless drastic steps are taken.
Franklin Roosevelt took counsel with his economic-war aides in the White House last week: Vice President Henry Wallace, head of the Board of Economic Warfare; Treasury Secretary Henry Morgenthau Jr.; Leon Henderson; Federal Reserve Chairman Marriner S. Eccles; Budget...
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