Economic policy

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.

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

Photo taken at the State Department where representatives of England and the United States were holding discussions on economic problems. Left to right: Leo T. Crowley, Foreign Economic Administration head; the Earl of Halifax, Ambassador to the United States from Great Britain; Assistant Secretary of State Will Clayton; Lord John Maynard Keynes, Economic Advisor to the British Treasury; and Secretary of Commerce Henry A. Wallace. From: Beth Gore.

President Truman appointed General Philip B. Fleming to head a new agency which will be known as the Office of Temporary Controls. The order consolidates the Office of War Mobilization and Reconversion, the Office of Price Administration, the Civilian Production Administration, and the Office of Economic Stabilization into the new agency. From: Beth Gore