Excerpts from the Press Conference
01/14/1934
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We cannot hold the actual cost of food and clothing down to approximately the present level beyond October first.
We cannot afford to let prices rise unchecked.
It would be unfair to labor to stabilize wages and do nothing about the cost of food; it would be equally unfair to the farmer.
The reason why price ceilings have not already been imposed on all food products is that paragraph 3 of the Emergency Price Control Act proh...