NBC Evening News for Wednesday, May 01, 1974
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(Studio) Wage and price controls lifted last night. Cost of Living Council director John Dunlop urges companies to keep commitment to hold prices down. White House to take anti-inflation measures in health care and construction areas; details given.
REPORTER: John Chancellor
(DC) Failure of wage, price controls reviewed. Food prices, fuel, medical care, and overall cost of living all increase since controls put into effect. Critics blame economy chief George Shultz, Agriculture head Earl Butz and John Dunlop for price control failure. White House outlooks for economy outlined.
REPORTER: Irving R. Levine
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