CAB Head Kahn Named to Lead Inflation Fight: CAB Head Kahn Named to Lead Inflation Figl
President Carter named Civil Aeronautics Board Chairman Alfred E. Kahn to head his new anti-inflation effort yesterday amid general skepticism at home and abroad about its chances for success.</br></br>On foreign money markets, the dollar plunged to new lows and gold prices hit new heights within hours after Carter unveiled his new program ÛÓhis third since taking officeÛÓon Tuesday night.</br></br>In this country, business leaders offered selective support, praising CarterÛªs pledge to curb government spending and deficits. The huge Teamsters union, which will lead off next yearÛªs heavy round of collective bargaining, also indicated support, but of a heavily qualified kind. Other unions remained silent.</br></br>Within the government, officials were gearing up machinery to monitor compliance with the new wage and price guidelines, readying detailed rules for formal promulgation within a week or so and manning telephone banks to answer questions from business and labor leaders.</br></br>The plan calls on workers to limit wage increases to 7 percent a year and companies to restrain prices by a less specific formula, with limited government sanctions for violators and a tax rebate to encourage compliance. It is designed to reduce inflation from its present level of nearly 8 percent to between 6 and 6*6 percent next year.