Union Head Hits Out at Steel Profits: McDonald Takes Unusual Step on
lunation, jobs and growth wore examined on Capitol Hill yesterday with testimony from some of the leading actors in the Nation's economic drama.</br></br>At a hearing of the Senate Antitrust and Monopoly Subcommittee, a packed Caucus Boom watched these dcvelop-m ents:</br></br>I Sen. Kstcs Kcfauver iD-TennA. chairman of the Subcommittee. that unless in-j dustria! prices stopped climbing, price and wage [ controls, which neither I wanted, would be imposed.</br></br>Û¢	McDonald reversed the Union's historic position and. on the eve of contract negotiations, lashed out at the prices and prop is of the steel industry m general and the income of Chairman Huger Plough of United Stales Steel in particular.</br></br>Û¢	IÛªrodut-ed a teller from Ha: mom! .1, Saulnicr, chairman of (Ûªresident Ihscn-hower's Council of Kconnmie Advisers, dismissing inflation and unemployment as serious problems now.