July 29, 1978 (vol. 88, iss. 54) • Page Image 5
…Miller WASHINGTON (AP) - The chair- man of the Federal Reserve Board suggested yesterday that major in- dustries establish their own price and wage guidelines to help control an in- flation rate that threatens to push the economy toward a serious recession in the near future. Chairman G. William Miller said business must show more restraint on prices. Although profits may be lower in the short-term as a result, he said, "in the long-run there ...…