The President's News Conference
11/12/1947
https://www.presidency.ucsb.edu...
The bill which the Congress has enacted fails to include any of these necessary elements.
Inflation and the high cost of living confront the American people--all the American people--with a grave danger.
Efforts to obtain voluntary action by businessmen have already been extensively tried.
This bill fails to include the key measures which are essential to an effective anti-inflation program.