POLICY: Another Go at Guidelines

When Jimmy Carter moves into the Oval Office in January, one of his first tasks will be to send out a batch of invitations to the nation's labor chiefs and business leaders. They will be asked to come to the White House to help the Administration devise a set of guidelines for wage and price increases that the President will then urge unions and companies to follow. Though the guideline strategy had only limited success in the 1960s, Carter is committed to another go at it to help keep inflation down while hoping...

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