Comprehensive Anti-Inflation Act of 1979

[AI summary unavailable — showing source text] Comprehensive Anti-Inflation Act of 1979 - Title I: Coordination of Economic Policies - Amends the Employment Act of 1946 with the stated purpose of reducing the rate of inflation and keeping it within reasonable bounds. Directs the President to include in each annual Economic Report a set of economic and regulatory policies designed to combat inflation which set forth: (1) fiscal policy targets; and (2) specific programs to achieve price goals. Directs the Board of Governors of the Federal Reserve System to include in its annual report to Congress an independent statement of its intended monetary policies for the year. Title II: Establishment of Guidelines - Requires the President to include in the Economic Report a set of guidelines to govern price increases and wage settlements. Authorizes the President to promote voluntary compliance with such guidelines. Prohibits the use of mandatory wage or price controls by the President. Requires the Council of Economic Advisors to seek the advice and concurrence of the Council on Wage and Price Stability in establishing economic policies and guidelines. Title III: Policies and Programs to Reduce Inflation - Directs the President, in order…