Economic policy

Informal photo of Maj. Gen. Philip B. Fleming, who was named to head the new Office of Temporary Controls. From: Beth Gore

Marriner S. Eccles, Chairman of the Board of Governors of the Federal Reserve System, indicated that tax reductions would be a "tragic error." He told the Senate Banking Committee while testifying on the British loan that such action would increase the problem of inflation and decrease chances of balancing the Federal budget. From: Beth Gore.

Portrait of Michael Vincent Di Salle, Director of the Office of Price Stabilization, 1950-52, and Administrator, Economic Stabilization Agency, 1952. From: Beth Gore.

William H. Davis, who recently succeeded Fred M. Vinson as Director of Economic Stabilization. Davis was formerly Chairman of the War Labor Board. From: Beth Gore.

William H. Davis, who succeeds Fred M. Vinson as Director of Economic Stabilization, is administered the oath of office by Associate Supreme Court Justice William O. Douglas. From: Beth Gore.

Office of Economic Stabilization Director William H. Davis, also former head of the War Labor Board, telling Congress that "settlement of labor disputes by government is destructive of all the creative values of collective bargaining." Compulsion, Davis said, should be used only in war time or in peace time cases involving public utilities. From: Beth Gore.

Monnett B. Davis has been nominated by President Truman to be United States Representative on the United Nations Economic Commission for Asia and the Far East. From: Beth Gore.

Chester Bowles, newly designated head of the Office of Economic Stabilization, speaks before the House Banking Committee today. He warned Congress that the nation's economic system would be smashed "beyond hope of repair unless it extends price controls to keep the lid on the present "inflationary dynamite." This photo is similar to 99-91. From: Beth Gore.

Office of Economic Stabilization Director Chester Bowles packs up his important papers to leave his office. Mr. Bowles quit in a huff over the Senate's passing the Office of Price Administration bill. From: Beth Gore.

Chester Bowles, ex-Office of Price Administration chief and new Stabilization Director, shown at a chart as Paul Porter, new OPA head sits by his side, at their joint press conference tonight. From: Beth Gore.