Joint Group in Congress To Study U.S. Economy By Joe Hall
The Senate-House Economic Committee will make a study of the NationÛªs economic problems emphasizing: not only inflation but also full employment and growth.!</br></br>Sen. Paul H. Douglas (D-IIL), Committee chairman, announced this yesterday and said his Committee would get started on the job as soon as it completed its comments on President ElsenhowerÛªs 1039 economic report at the end of this month.</br></br>An aide to Sen. Douglas said the study was a direct outgrowth of a speech by Senate Democratic Leader Lyndon B. Johnson of Texas last December pinpointing inflation as one of AmericaÛªs toughest problems.</br></br>Mr. Eisenhower also has voiced concern about inflation, and has urged Government economy and restraint on price and wage boosts to combat it.</br></br>It was learned Johnson asked Douglas last week to go ahead with the new study through the Economic Committee. The aim is said to be to finish the inquiry and report by the end of 1959.