JOHNSON FORESEES BOOM, BUT WARNS OF INFLATION; ADVISERS URGE PRICE CUTS; UPTURN STRESSED; Economic Report Links Price Suggestion to Productivity Rise
Pres Johnson, forecasting '64 econ boom, warns against using it for 'inflationary' wage and price increases, Econ Rept to Cong; says Adm will not hesitate to draw pub attention to moves that flout pubtinterest; sees no warrant for inflationary pay rises on heels of solid increases in real wages plus rise in take-home pay under proposed tax cut; Econ Advisers Council accompanying rept has special sec on issue