Economic policy

Housing Expediter Tighe E. Woods asked for a two-year extension of rent control because of a continued critical shortage of rental housing. Woods, shown before the House Banking Committee, said that removal of rent ceilings now on the estimated 4,350,000 under control would be a serious blow to our economy. From: Beth Gore.

Wage Stabilization Director John R. Steelman is shown signing the government wage policy to pave the way for payment to striking American Federation of Labor seamen of wage increases twice disapproved by the Wage Stabilization Board. He said he amended the existing wage regulations to provide that government agencies may pay wages and salaries "comparable to the wages and salaries paid for the same or comparable services by other operators". From: Beth Gore

Secretary of the Treasury John W. Snyder after he put his signature on a check for $7,500,000,000, the largest ever drawn on the United States Treasury. Actually, the money stayed in the Government, passing from the Unemployment Trust Fund to the Bureau of Accounts for investment in the new Treasury short-term certificates. From: Beth Gore

Secretary of the Treasury John W. Snyder appearing before the House Banking and Currency Committee, saying that the Republican program for halting inflation will not do the job. Mr. Snyder said the measures recommended by the GOP were necessary, but were only part of an overall program that should be approved if the inflationary spiral was to be halted. From: Beth Gore

OPA Administrator Paul A. Porter told a news conference that the OPA would do its best to push any soaring rent and price ceilings back to the June 30, 1946, level as soon as Congress restores controls. From: Beth Gore.

Paul Porter (left), Office of Price Administration chief, and Chester Bowles, former OPA head and new Office of Economic Stabilization Chief, wish each other luck at their joint press conference. Bowles urged the people of the nation to "back the President to the hilt in his courageous fight to protect the nation from the grave economic dangers we face." From: Beth Gore.

Dr. Edwin G. Nourse, Vice President of the Brookings Institute, was nominated by President Harry S. Truman to be Chairman of the new Council of Economic Advisors. From: Beth Gore.

Dr. Edwin G. Nourse, center, Chairman of President Truman's Council of Economic Advisors, after reporting to the Cabinet on the problem of continuing price rises and general high cost of living. Shown with Dr. Nourse are, left, Secretary of Commerce W. Averell Harriman, and Secretary of Agriculture Clinton P. Anderson, right. From: Beth Gore.

A candid photo of Office of Economic Stabilization Director Chester Bowles, taken at his press conference. where he spoke in favor of Office of Price Administration. This photo is similar to photos 99-98, 99-99, and 99-100. From: Beth Gore.

A candid photo of Office of Economic Stabilization Director Chester Bowles, taken at his press conference, where he spoke in favor of Office of Price Administration. This photo is similar to photos 99-98, 99-99, and 99-100. From: Beth Gore.