05/18/1949
https://www.presidency.ucsb.edu...
"Neither, I feel, have we really thought through the full implications of our efforts to prevent the rest of the free world from trading with the Iron Curtain bloc."
"I hereby create a board of three members to be appointed by me, to investigate the said dispute."
"In performing its functions under this order the Board shall comply with the requirements of section 502 of the Defense Production Act of 1950, as amended."
"The Secretary shall transmit the said estimates to the Board of Governors of the Federal Reserve System."