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Council of Economic Advisers Prepare 1949 Midyear Report

Members of the Council of Economic Advisers and White House staff members working on the President's Midyear Economic Report in the Cabinet Room. From left to right: Charles S. Murphy, Administrative Assistant to the President; David E. Bell, Special Assistant in the White House Office; Leon H. Keyserling, Vice Chairman of the Council of Economic Advisers; Robert C. Turner, consultant on the White House staff; Edwin G. Nourse, Chairman of the Council of Economic Advisers; and John D. Clark, member of the Council of Economic Advisers.

Photo of Leon H. Keyserling, Vice Chairman of President Truman's Council of Economic Advisers

Photo of Leon H. Keyserling, Vice Chairman of President Truman's Council of Economic Advisers, telling the Congressional Joint Economic Committee that the continued declined in commodity prices emphasizes that the nation is in the midst of a mixed economy--some segments being inflationary, others deflationary. He said the sharp break was not surprising but very disturbing. From: Beth Gore