Economic Stabilization Act

The Economic Stabilization Act is U.S. legislation designed to address economic challenges, such as inflation or recession, by granting the president emergency powers to control prices, wages, and rents. It was particularly significant during times of crisis, allowing the government to stabilize the economy and protect consumers. This act helps manage supply and demand imbalances, ensuring that essential goods remain available and affordable. Its intention is to maintain economic stability and mitigate the impacts of economic shocks on individuals and businesses.