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Message to the Congress Transmitting Quarterly Report of the Council on Wage and Price Stability.
To the Congress of the United States:
In accordance with section 5 of the Council on Wage and Price Stability Act, as amended, I hereby transmit to the Congress the seventh quarterly report of the Council on Wage and Price Stability. This report contains a description of the Council activities during the second quarter of 1976 in monitoring both prices and wages and the private sector and various Federal Government activities that lead to higher costs and prices without creating commensurate benefits. It discusses in some detail the Council's study of collective bargaining negotiations for 1976 health costs, steel products, and chemicals as well as its filings before various Federal regulatory agencies.
During the remainder of 1976, the Council on Wage and Price Stability will continue to play an important role in supplementing fiscal and monetary policies by calling public attention to wage and price developments or actions by the Government that could be of concern to American consumers.
GERALD R. FORD
The White House,
September 8, 1976.
Note: The report covering the period April through June 1976 is entitled "Quarterly Report: July 1976--Council on Wage and Price Stability, Executive Office of the President, Washington, D.C., No. 7" (Government Printing Office, 56 pp.).
Gerald R. Ford, Message to the Congress Transmitting Quarterly Report of the Council on Wage and Price Stability. Online by Gerhard Peters and John T. Woolley, The American Presidency Project https://www.presidency.ucsb.edu/node/242589