U.S. to Use Antitrust in Price War
Assistant Attorney General 'L'liomas E. Kauper tells Hill panel of action on price-fixing- to .figlit inflation.</br></br>The Justice Department will take antitrust action against some industries in the fight against inflation, Congress was told yesterday.</br></br>Thomas E. Kauper, head of tile department's Antitrust Division, said action to halt anticompetitive practices and price- fixing conspiracies would be a major step toward reducing inflationary pressures.</br></br>In his appearance before the Joint Economic Committee, Kauper did not identify companies that might be subject to antitrust action. But he said the action would be taken not only against such national industries as steel and autos but also against local .concerns.</br></br>Kauper said service industries, which account for 40 per cent of the gross national product, will be given particular scrutiny on both national and local levels.